Tech Company Financing Transactions
Grasshopper Funding Round
On 8/1/2022, Grasshopper announced $30.4 million in funding from Endeavour Ventures, FJ Capital Management and GCP Capital Partners.
Transaction Overview
Company Name
Announced On
8/1/2022
Transaction Type
Venture Equity
Amount
$30,400,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the funds to advance future strategic growth initiatives via lending, deposit and payment solutions for small businesses.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
915 Broadway 7th Fl
New York, NY 10010
USA
New York, NY 10010
USA
Phone
Website
Email Address
Overview
Grasshopper began operations in 2019 and is a client-first digital bank serving small businesses, startups, and the investors supporting them across the innovation economy. Our digital solutions cover small business, venture-backed companies, fintech-focused Banking-as-a-Service (BaaS) and commercial API banking platforms, SBA lending, commercial real estate lending, and yacht financing. Privately owned and headquartered in New York City, the bank is a Federal Deposit Insurance Corporation member and is an Equal Housing/Equal Opportunity Lender. Grasshopper Bank was named after the famed computer scientist and US Navy rear admiral Grace Hopper and our tagline "Only Forward" pays homage to the grasshopper, who can only jump forward.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Mike Butler
Chief Executive Officer
Mike Butler
Chief Financial Officer
Mike Lenahan
Chief Technical Officer
Pete Chapman
VP - Human Resources
Lynn Gibson
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