# StreetShares

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

- Industry: Financial Services
- Headquarters: Reston, US
- Website: www.streetshares.com
- Total disclosed funding: $42M
- Latest round: Series B (Oct 9, 2020)
- Investors on record: 12

## About

StreetShares, Inc. is a financial technology company that specializes in providing innovative lending solutions for small businesses, enhancing their access to funding through a digital platform.Founded in 2013, StreetShares, Inc. is headquartered in Reston, US, and focuses on enhancing small business lending. The company has undergone significant growth, completing 10 deals by March 2022. The latest funding round was a Series B, raising USD 10.92 mn from investors such as Ally Ventures and Motley Fool Ventures. Mark Rockefeller is the founder and serves as the CEO.StreetShares offers a cloud-based lending platform designed to streamline business lending processes for banks and credit unions. The platform includes features like the Business Owner Hub, enabling seamless loan applications and tracking. By leveraging advanced analytics and machine learning, StreetShares supports financial institutions in making informed lending decisions, catering primarily to community banks and credit unions across North America and parts of Latin America.In 2019, StreetShares generated a revenue of USD 2,000,000, with an EBITDA of USD -12,200,000. The company's business model is subscription-based, allowing clients to access its services through tailored pricing plans that enhance operational efficiency and streamline lending processes.Looking ahead, StreetShares plans to leverage its recent acquisition by MeridianLink, Inc. to accelerate its capabilities in small business lending. This acquisition, finalized in April 2022, is expected to strengthen StreetShares' platform. The company is exploring new product launches and potential expansions into various geographic regions. Specific details on upcoming product releases and targeted markets have yet to be disclosed, but the funding from the Series B round will be strategically utilized to support these initiatives.

## Funding rounds

- Series B, Oct 9, 2020, $11M — Ally Ventures, Motley Fool Ventures
- Series B, Jan 18, 2018, $23M — Rotunda Capital Partners, Stony Lonesome Group
- Series A, Feb 1, 2016, $4.6M — Endeavor Capital Management, Accion, Pivot Investment Partners, Fenway Summer Ventures
- Seed, Jun 3, 2015, $2.5M — Accion, New Dominion Angels, Harvard Business School Alumni Angels, Stony Lonesome Group, Signatures Capital Partners, Fenway Summer Ventures
- Seed, May 2, 2014, $1.2M — Accion, Capital One Financial Corporation, Harvard Business School Alumni Angels, Stony Lonesome Group

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed, Series A
- Capital One Financial Corporation — Seed
- Harvard Business School Alumni Angels — Seed
- Stony Lonesome Group (https://capitalatlas.ai/funds/stony-lonesome-group) — Seed, Series B
- New Dominion Angels — Seed
- Signatures Capital Partners — Seed
- Fenway Summer Ventures (https://capitalatlas.ai/funds/fenway-summer-ventures) — Seed, Series A
- Endeavor Capital Management (https://capitalatlas.ai/funds/endeavor-capital-management) — Series A
- Pivot Investment Partners (https://capitalatlas.ai/funds/pivot-investment-partners) — Series A
- Rotunda Capital Partners (https://capitalatlas.ai/funds/rotunda-capital-partners) — Series B
- Ally Ventures (https://capitalatlas.ai/funds/ally-ventures) — Series B
- Motley Fool Ventures (https://capitalatlas.ai/funds/motley-fool-ventures) — Series B