# Hum Capital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hum-capital

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.humcapital.com
- Total disclosed funding: $44M
- Latest round: Series A (Nov 18, 2021)
- Investors on record: 8

## About

Hum Capital, Inc. is a New York-based company that specializes in an AI-powered platform connecting businesses with suitable investors and lenders, streamlining the funding process for growth-oriented companies.Founded in 2019 in New York, Hum Capital, Inc. utilizes its Intelligent Capital Market platform to facilitate connections between businesses and investors. The company has closed four deals, with its most recent deal occurring on November 18, 2021, during which it raised USD 21.00 mn in Series A funding from investors including Cowen and Company and Invesco Private Capital. The company was founded by Csaba Konkoly, and Blair Silverberg currently serves as the CEO.Hum Capital's core offering is its Intelligent Capital Market (ICM), an AI-powered funding platform designed to connect businesses with appropriate investors and lenders, thereby streamlining the funding process. This platform enables companies to securely link their financial software to explore a variety of financing options tailored to their growth needs. The ICM provides personalized introductions to a network of over 350 investors, facilitating access to funding solutions that are pre-screened to align with specific investment criteria. Hum Capital primarily serves growth-oriented companies looking for funding solutions such as asset-backed lines of credit, and its technology-driven approach aims to make capital raising equitable and efficient. The platform operates across multiple geographical markets, including North America and select markets in Europe, catering to a diverse client base comprising startups and established enterprises seeking to scale operations or enhance their impact.Hum Capital generates revenue through transaction-based fees associated with the funding solutions provided on its Intelligent Capital Market platform. Clients typically engage in partnerships with Hum to access various financing options, such as non-dilutive growth capital. The transaction structure includes fees paid by businesses for capital raised through the platform, emphasizing a B2B model where the firm serves as an intermediary between companies and potential investors. The company’s flagship services include the asset-backed line of credit, which allows clients to leverage inventory for funding, thereby enabling them to scale operations effectively. Specific pricing plans are structured around the size and complexity of the funding solution, ensuring that services are aligned with the unique needs of each client.In November 2021, Hum Capital, Inc. raised USD 21.00 mn in Series A funding with the intention of expanding its offerings into equity fundraises, aiming to become the go-to destination for private companies raising capital. The company is focused on introducing new products designed to enhance its platform and plans to expand into additional markets across Europe, targeting launch by 2023. The recent funding will play a pivotal role in supporting these initiatives, facilitating the development and deployment of equity fundraising capabilities.

## Funding rounds

- Series A, Nov 18, 2021, $21M — Invesco, Cowen and Company
- Series A, Aug 31, 2021, $9M — Partech Partners, Wavemaker Partners, Webb Investment Network, Future Ventures
- Seed, Jun 30, 2020, $9M — Partech Partners, Greycroft, Wavemaker Partners, AME Cloud Ventures, Future Ventures
- Seed, Oct 30, 2019, $5M — Greycroft, Wavemaker Partners, Future Ventures

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Future Ventures — Seed, Series A
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Seed, Series A
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Seed
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Series A
- Invesco (https://capitalatlas.ai/funds/invesco) — Series A
- Cowen and Company — Series A