# Sunbit

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

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.sunbit.com
- Total disclosed funding: $142M
- Latest round: Series D (May 20, 2021)
- Investors on record: 12

## About

Sunbit, Inc., based in Los Angeles, offers innovative technology-driven payment solutions for everyday services, enabling consumers to finance essential needs with flexible payment plans that prioritize affordability and transparency. Founded in 2016 and headquartered in Los Angeles, California, Sunbit, Inc. specializes in providing financing solutions at the point of sale. The company has successfully completed 10 deals, with its most recent deal on November 4, 2024. Led by CEO Arad Levertov and co-founders Ornit Dweck-Maizel, Ornit Maizel, Tal Riesenfeld, and Tamir Hazan, Sunbit, Inc. raised USD 200 million in venture debt funding led by Citigroup, with participation from J.P. Morgan, Atlas SP Partners, and other unspecified investors in August 2025. Sunbit provides a technology-driven payment solution that enables customers to finance everyday services such as auto repair, dental care, eye care, veterinary services, and healthcare. Their core product is a flexible payment plan that allows consumers to pay over time, focusing on affordability and transparency. The company’s technology supports a wide range of merchants, empowering them to offer financing solutions directly to their customers. Sunbit's services are primarily targeted at U.S. markets, with partnerships across various industries requiring in-person services, benefiting both individual consumers and merchants through streamlined payment options. Sunbit generates revenue through a structured transaction model involving partnerships with retailers and service providers who offer Sunbit's payment solutions at the point of sale. Clients can finance their purchases and make payments at checkout with a pre-determined term length for repayment. This allows Sunbit to earn revenue through interest charges on financed amounts while providing a fee-free experience for users. Their offerings include the Sunbit Card, designed to enhance customer shopping experiences and integrate with existing merchant loyalty programs, with pricing structures varying by agreements with partners. The company will use the August 2025 funding to boost its financial capacity.

## Funding rounds

- Series D, May 20, 2021, $88M — Harel Insurance Investments, Migdal Insurance Company, Altair Capital, Group 11, Alumni Ventures Group, Zeev Ventures, More Investment House
- Series B, Jun 12, 2019, $26M — Chicago Ventures, Group 11, Zeev Ventures
- Series A, Jan 1, 2017, $25M — Chicago Ventures, Group 11, Levy Family Partners, G Bar Ventures
- Seed, Sep 13, 2016, $2.9M — Chicago Ventures, Polsky Holdings, Group 11, Heroic Ventures

## Investors

- Chicago Ventures (https://capitalatlas.ai/funds/chicago-ventures) — Seed, Series A, Series B
- Polsky Holdings — Seed
- Group 11 (https://capitalatlas.ai/funds/group-11) — Seed, Series A, Series B, Series D
- Heroic Ventures (https://capitalatlas.ai/funds/heroic-ventures) — Seed
- Levy Family Partners — Series A
- G Bar Ventures (https://capitalatlas.ai/funds/g-bar-ventures) — Series A
- Zeev Ventures (https://capitalatlas.ai/funds/zeev-ventures) — Series B, Series D
- Harel Insurance Investments — Series D
- Migdal Insurance Company — Series D
- Altair Capital — Series D
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series D
- More Investment House (https://capitalatlas.ai/funds/more-investment-house) — Series D