Tech Company Financing Transactions

Karat Financial Funding Round

Karat Financial closed a $70 million Series B funding round on 7/19/2023. Investors included SignalFire, TriplePoint Capital and Commerce Ventures.

Transaction Overview

Company Name
Announced On
7/19/2023
Transaction Type
Debt
Venture Equity
Amount
$70,000,000
Round
Series B
Proceeds Purpose
Debt financing allows Karat to access working capital and cover cardholder spend while maintaining control and flexibility, while the equity round led by SignalFire and the participation of esteemed investors brings not only financial resources but also valuable insights and networks to support the company's trajectory.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
335 Bryant St. 1
Palo Alto, CA 94301
USA
Phone
Undisclosed
Email Address
Overview
Karat provides a credit card tailored for creators and influencers, enabling them to grow and manage their businesses. Its Karat Black Card aims to aid high-income creators with a credit card suited to their needs.
Profile
Karat Financial LinkedIn Company Profile
Social Media
Karat Financial Company Twitter Account
Company News
Karat Financial News
Facebook
Karat Financial on Facebook
YouTube
Karat Financial on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
William Kim
  William Kim LinkedIn Profile  William Kim Twitter Account  William Kim News  William Kim on Facebook
Chief Executive Officer
Eric Wei
  Eric Wei LinkedIn Profile  Eric Wei Twitter Account  Eric Wei News  Eric Wei on Facebook


 

 

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Next: 7/19/2023: Alpha Grid venture capital transaction

 

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Where The Data Comes From

We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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