Tech Company Financing Transactions
Foro Funding Round
TTV Capital, AME Cloud Ventures and Correlation Ventures participated in a $8 million funding round for Foro. The funding round was announced on 1/27/2023.
Transaction Overview
Company Name
Announced On
1/27/2023
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the national launch of its digital commercial lending platform.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
2173 Hawkins St D
Charlotte, NC 28203
USA
Charlotte, NC 28203
USA
Phone
Undisclosed
Website
Email Address
Overview
We were founded by a small group of investors, consisting of former leaders at financial institutions and small businesses. Through decades in their respective fields, they had experienced first-hand how convoluted, inefficient, and opaque the lending process could be for most, if not all businesses -- one that results in 50% of all business loans requests being declined. We've made it our mission to improve and make commercial lending more accessible, in particular, for those in underrepresented communities, by empowering growing businesses to quickly find, evaluate, and select the best financial institution partner to meet their needs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Dave Godsman
VP - Human Resources
Lauren Tilghman
VP - Sales
Jay Nadeau
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We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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