Tech Company Financing Transactions
Spotluck Funding Round
Jobi Capital, New Dominion Angels and private investors joined a $4.8 million Series A funding round for Spotluck. The financing round was announced on 5/19/2017.
Transaction Overview
Company Name
Announced On
5/19/2017
Transaction Type
Venture Equity
Amount
$4,800,000
Round
Series A
Investors
Jobi Capital (Lead Investor)
Proceeds Purpose
The money will be used to expand within the app's current markets -- Greater Washington, Baltimore, Philadelphia, New Jersey and New York -- and to update the app to allow users to pay their bills through it, Thomas said.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
4550 Montgomery Ave.
Bethesda, MD 20814
USA
Bethesda, MD 20814
USA
Phone
Website
Email Address
Overview
It all began like a lot of start-up stories. Two guys quit their cushy corporate jobs to pursue a dream. They worked out of a basement for 6 months, convinced customers to sign up for nothing more than a grand idea, and ate way too much Ramen. But the whole time, they knew they were onto something big.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Cherian Thomas
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