# CommonBond

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/commonbond

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.commonbond.co
- Total disclosed funding: $120M
- Latest round: Series D (Mar 21, 2018)
- Investors on record: 10

## About

CommonBond, Inc. is a U.S.-based financial technology company specializing in student loan refinancing and education financing solutions for borrowers burdened by student debt.Founded in 2011 and headquartered in New York, US, CommonBond, Inc. provides innovative financial services aimed at assisting borrowers with their educational expenses. The company has engaged in 10 deals, with its most recent funding round being a VENTURE DEBT raising of USD 750.00 mn on February 14, 2019, accumulating a total of USD 50.00 mn since inception. The company was founded by individuals aiming to address the growing student debt crisis in the U.S.CommonBond.co specializes in providing innovative financial solutions primarily focused on student loan refinancing and education financing. Their core product offerings encompass a streamlined platform designed to assist borrowers in managing their educational expenses effectively. The services aim to address the challenges faced by graduates burdened with student debt, offering them more affordable repayment options and personalized loan structures. CommonBond targets a diverse client base, including recent graduates, current students, and professionals seeking to refinance their existing student loans. The company operates mainly in the United States, with a growing presence in specific urban markets where student debt levels are notably high, ensuring that their services are accessible to those who need them most.CommonBond.co generates revenue through its lending operations, where they offer tailored student loan refinancing and educational loans to their clients. The transaction structure is primarily B2C, focusing on direct relationships with consumers to facilitate loans that can be customized based on individual financial needs and repayment capabilities. Clients typically engage with the platform to access their refinancing services, and revenue is realized through interest payments on these loans. While specific pricing structures for the loans are not detailed, the offerings include competitive interest rates based on the borrower’s creditworthiness and loan terms, ensuring that their services are both attractive and beneficial to consumers seeking financial relief from student debt.In February 2019, CommonBond, Inc. raised USD 750.00 mn in VENTURE DEBT to accelerate its platform and support the growth of its refinance and in-school student lending businesses. The company plans to design and launch new products aimed at expanding its market presence, particularly focusing on urban areas facing high student debt levels. The funding will be utilized to enhance customer experiences through innovative features and services, aiming for scalability in the education financing sector.

## Funding rounds

- Series D, Mar 21, 2018, $50M — Fifth Third Bank, August Capital, First Republic Bank, Neuberger Berman, Nyca, Gaingels, Columbia Seligman Investments
- Series C, Jul 13, 2016, $30M — August Capital, Neuberger Berman, Victory Park Capital, Tribeca Venture Partners, Social Capital, Nyca
- Series B, Aug 27, 2015, $36M — August Capital, Victory Park Capital, Tribeca Venture Partners, Social Capital, Nyca
- Series A, Sep 4, 2013, $3.1M — Tribeca Venture Partners, Social Capital

## Investors

- Tribeca Venture Partners (https://capitalatlas.ai/funds/tribeca-venture-partners) — Series A, Series B, Series C
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Series A, Series B, Series C
- August Capital (https://capitalatlas.ai/funds/august-capital) — Series B, Series C, Series D
- Victory Park Capital (https://capitalatlas.ai/funds/victory-park-capital) — Series B, Series C
- Nyca (https://capitalatlas.ai/funds/nyca) — Series B, Series C, Series D
- Neuberger Berman (https://capitalatlas.ai/funds/neuberger-berman) — Series C, Series D
- Fifth Third Bank — Series D
- First Republic Bank — Series D
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series D
- Columbia Seligman Investments — Series D