Tech Company Financing Transactions
EnFi Funding Round
Unusual Ventures, Argon Ventures and Boston Seed Capital participated in a $7.5 million Seed funding round for EnFi. The round was announced on 6/13/2024.
Transaction Overview
Company Name
Announced On
6/13/2024
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and development efforts.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
6 Liberty Square PMB 98036
Boston, MA 02109
USA
Boston, MA 02109
USA
Phone
Undisclosed
Website
Email Address
Overview
Amidst a bank run that sent shockwaves through the financial system, Joshua and Scott found themselves scrambling to support their network of startups. Juggling the urgent needs of their entrepreneurial community with the broader economic uncertainties, they witnessed firsthand the fragility of the financial ecosystem. It was in this tumultuous environment that they began to ponder the potential for AI to revolutionize the assessment and monitoring of complex credit analysis for lending.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joshua Summers
Chief Technical Officer
Scott Weller
VP - Product Management
Katie Majeski
Browse more venture capital transactions:
Prev: 6/13/2024: Better Health venture capital transaction
Next: 6/13/2024: Rendesco venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs