# LendSquare

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

- Industry: Financial Services
- Headquarters: Chicago, US
- Website: www.lendsquare.com
- Latest round: Seed (Aug 6, 2014)
- Investors on record: 1

## About

LendSquare is a crowdfunding platform that connects investors with small businesses seeking financing. It provides a marketplace for funding opportunities, enabling community investment in local enterprises.Founded in 2012 and headquartered in Chicago, US, LendSquare focuses on connecting investors with small businesses through crowdfunding. The company raised an undisclosed amount in Seed funding from 500 Startups in August 2014, aiming to enhance its platform and expand its offerings. The founder's history includes experience in the financial technology sector, though specific prior ventures are not detailed.LendSquare specializes in crowdfunding services that allow small businesses to raise capital directly from community investors. The platform features a range of funding opportunities, enabling users to invest in local businesses while providing entrepreneurs with accessible financing options. The service caters to various types of small businesses, facilitating transactions and fostering community investment.LendSquare generates revenue primarily through processing fees on successful crowdfunding campaigns. These fees are applied to transactions completed on the platform, providing a commission-based income model. Additional revenue may stem from premium services offered to businesses looking to enhance their fundraising capabilities.LendSquare aims to launch new features that enhance user experience and investor engagement. The company plans to expand its reach into additional markets across the US by the end of 2024, targeting regions with a growing demand for small business funding. The funds raised in the Seed round will be utilized to develop these features and support marketing efforts to attract both investors and small businesses.

## Funding rounds

- Seed, Aug 6, 2014 — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed