Tech Company Financing Transactions
Frec Funding Round
Frec closed a $26.4 million Series A venture capital round on 10/3/2023. Investors included Greylock Partners, Social Leverage and private investors.
Transaction Overview
Company Name
Announced On
10/3/2023
Transaction Type
Venture Equity
Amount
$26,400,000
Round
Series A
Investors
Greylock Partners (Lead Investor)
Proceeds Purpose
Portfolio lines of credit, enabling customers to borrow up to a certain percentage of their stock holdings, without a complicated setup. A partnership with AngelList, powering money market funds natively for venture capital funds. AngelList venture funds can earn yield on their cash in money market funds through Frec.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
171 2nd Street 3rd Floor
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Undisclosed
Website
Email Address
Overview
Money is deeply personal. Yet it's a topic that most people only understand on the surface level. Beyond that opaque surface, there is a hidden world of sophisticated financial strategies, gate kept behind the walls of institutional banks and only accessible through wealth managers. Why is this the case? In short, these products are complicated and difficult to manage. So how can we give everyone access to smarter and more effective methods of money management? The answer lies in technology that automates and simplifies.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mo Adham
President
Ashley Rodabaugh
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We do our best to document every notable VC transaction. All VC database entries reported here come from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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