# Rightfoot

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

- Industry: Software
- Headquarters: Alamo, US
- Website: www.righttfoot.com
- Total disclosed funding: $22M
- Latest round: Series A (Aug 10, 2023)
- Investors on record: 6

## About

Based in California, US, and founded in 2018, Charitize, Inc., trading as Rightfoot, is a developer of debt management software that provides smart repayment recommendations to companies. In August 2023, Rightfoot raised USD 15 million in Series A funding co-led by new investors Blue Lion Global and Renegade Partners, with participation from Kraken Ventures, Bain Capital, and BoxGroup.

Rightfoot offers an application programming interface (API) that allows developers to integrate debt payment functionality into any financial technology firm, bank, or company's payroll systems. Rightfoot was co-founded by Danielle Pensack, Deirdre Clute, and Will Schmitt. The company is backed by investors including Bain Capital Ventures, BoxGroup, SemperVirens Venture Capital, and individual investors. Rightfoot's customers are firms that promote financial wellness, financial technology companies, and payroll and employer benefits companies that use the platform to automate and develop borrowers repayment programs. 

The company's revenue is generated from customers' subscriptions by charging transactions done using software embedded in Rightfoot's debt repayment system.

The company plans to use August 2023 to support its launch and expansion, as well as manpower growth.

## Funding rounds

- Series A, Aug 10, 2023, $15M — Bain Capital, BoxGroup, Renegade Partners, Kraken Ventures, Blue Lion Global
- Seed, Dec 8, 2020, $6.5M — Bain Capital, BoxGroup, SemperVirens

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed, Series A
- SemperVirens (https://capitalatlas.ai/funds/sempervirens) — Seed
- Renegade Partners (https://capitalatlas.ai/funds/renegade-partners) — Series A
- Kraken Ventures (https://capitalatlas.ai/funds/kraken-ventures) — Series A
- Blue Lion Global (https://capitalatlas.ai/funds/blue-lion-global) — Series A