Tech Company Financing Transactions

Sila Funding Round

Sila secured a $13 million Series A funding round on 7/27/2021. Investors included Revolution Ventures, private investors and Madrona Venture Group.

Transaction Overview

Company Name
Announced On
7/27/2021
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Series A
Investors

Revolution Ventures (Lead Investor) (Clara Sieg)

private investors (Taavet Hinrikus)

Madrona Venture Group (Hope Cochran)

Mucker Capital

Oregon Angel Fund (Rick Holt)

Proceeds Purpose
The new funding will be used to continue to scale the team, target additional partners, and expand product features.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
920 SW 6th Ave. 12th Floor
Portland, OR 97204
USA
Phone
Undisclosed
Email Address
Overview
Sila is a banking and payment platform for software teams building the next generation of financial products & services in regulated and unregulated industries. The Sila API enables white-label ACH payment processing, money transfer, digital wallets, bank account linking, and identity verification of business and individuals.
Profile
Sila LinkedIn Company Profile
Social Media
Sila Company Twitter Account
Company News
Sila News
Facebook
Sila on Facebook
YouTube
Sila on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Shamir Karkal
  Shamir Karkal LinkedIn Profile  Shamir Karkal Twitter Account  Shamir Karkal News  Shamir Karkal on Facebook
Chief Operating Officer
Isaac Hines
  Isaac Hines LinkedIn Profile  Isaac Hines Twitter Account  Isaac Hines News  Isaac Hines on Facebook
Chief Technical Officer
Alex Lipton
  Alex Lipton LinkedIn Profile  Alex Lipton Twitter Account  Alex Lipton News  Alex Lipton on Facebook
VP - General Counsel
Angela Angelovska
  Angela Angelovska LinkedIn Profile  Angela Angelovska Twitter Account  Angela Angelovska News  Angela Angelovska on Facebook


 

 

Browse more venture capital transactions:

Prev: 7/27/2021: Yoco venture capital transaction
Next: 7/27/2021: Embark Veterinary venture capital transaction

 

Share this article

 


Where The Data Comes From

We report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary