Tech Company Financing Transactions
Promise Network Funding Round
Promise Network closed a $25 million Series B funding round on 2/24/2022. Investors included The General Partnership, Bronze Investments and First Round Capital.
Transaction Overview
Company Name
Announced On
2/24/2022
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Series B
Investors
The General Partnership (Lead Investor)
private investors (Howard Schultz)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
GovTech
Mailing Address
436 14th St. 920
Oakland, CA 94612
USA
Oakland, CA 94612
USA
Phone
Website
Email Address
Overview
Promise helps reduce delinquencies and increase revenue while helping people pay off debt sooner and with fewer penalties. Our intuitive approach to zero interest installment plans and relief distribution leads to increased enrollment and a 95%+ recovery rate on scheduled payments.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Phaedra Ellis-Lamkins
Chief Executive Officer
Diana Frappier
VP - Administration
Caitlin Lewis
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Where The Data Comes From
We do our best to document funding rounds that are announced publicly. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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