Tech Company Financing Transactions
Stable Funding Round
Stable, based in Chicago, received $14 million from Congruent Ventures, Ahoy Capital and E14 Fund.
Transaction Overview
Company Name
Announced On
9/27/2022
Transaction Type
Venture Equity
Amount
$14,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the hiring of data scientists and engineers.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
205 N Michigan Ave.
Chicago, IL 60601
USA
Chicago, IL 60601
USA
Phone
Undisclosed
Website
Email Address
Overview
Stable was founded in 2016 by our CEO Rich Counsell, the son of a farmer who experienced firsthand the impact of volatile prices growing up on the family farm. While working in Chicago in 2015, there was a crash in the milk price that devastated incomes for thousands of businesses.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Richard Counsell
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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.
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