# Zero Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zero-financial

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.zerofinancial.com
- Total disclosed funding: $31M
- Latest round: Series A (May 23, 2019)
- Investors on record: 6

## About

Zero Financial, Inc. is a technology company focused on enhancing operational efficiency through innovative solutions, facilitating streamlined processes for businesses across various sectors.Founded in 2016 in San Francisco, US, Zero Financial, Inc. offers technology solutions aimed at improving business operations. The firm successfully raised USD 20.00 mn in a Series A funding round led by New Enterprise Associates on April 7, 2021, with participation from Eniac Ventures, Nyca, and SignalFire. The company was founded by Alex Babin, Alex Luzzardi, Dimitri Bouscasse, Jesse McLaughlin, Joel Washington, Kevin Rose, Sonam Dolkar, and Zuleyka Strasner, with Alex Babin serving as CEO.Zero Financial, Inc. specializes in a suite of technology solutions that enhance operational efficiency and streamline business processes. Their core offerings include a comprehensive platform that integrates project management, customer relationship management (CRM), and data analytics tools, primarily targeting sectors such as retail, healthcare, and manufacturing. The company's products are marketed across North America, Europe, and select regions in Asia.Zero Financial, Inc. generates revenue through a combination of subscription-based services and direct sales of software licenses. Clients engage with the firm via tiered subscription plans that accommodate varying needs, ranging from basic project management functionalities to premium packages with advanced analytics and customization options. The pricing structure ensures a steady revenue flow from both recurring subscriptions and one-time transactions for software licenses.Following its acquisition by Avant, LLC in April 2021, Zero Financial, Inc. will focus on expanding its banking and credit product offerings through Avant's digital platform. The recent funding will be utilized to support the development of new products and facilitate market expansion, particularly targeting growth in new geographic regions. This strategy aims to leverage the combined resources and technologies of both companies to enhance service delivery in evolving markets.

## Funding rounds

- Series A, May 23, 2019, $20M — New Enterprise Associates, Eniac Ventures, Nyca, SignalFire
- Series A, Oct 23, 2017, $8.5M — New Enterprise Associates, Lightbank, Eniac Ventures, Middleland Capital, Nyca
- Seed, Sep 20, 2016, $2.5M — New Enterprise Associates, Lightbank, Eniac Ventures, Middleland Capital, Nyca

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A
- Lightbank (https://capitalatlas.ai/funds/lightbank) — Seed, Series A
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Seed, Series A
- Middleland Capital — Seed, Series A
- Nyca (https://capitalatlas.ai/funds/nyca) — Seed, Series A
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Series A