Over the past month, we’ve had four Finovate alums receive funding. Here they are in alphabetical order:
Banno
Funding: $2 million
Investors: Iowa Economic Development Authority’s Innovation Acceleration Fund and private sector loan
Funding total: $2.5 million
Funding purpose: Hire talent, upgrade data center infrastructure
Headquarters: Cedar Falls, IA
Founded: 2008
FinovateFall 2012 demo video
Investors: Menlo Ventures, Bessemer Venture Partners, and Anthemis Group
Funding total: $13 million
Funding purpose: Improve the mobile experience, add better options for short term goals, and create new ways to encourage people to make the most of their money
Headquarters: NYC, New York
Founded: 2008
Investors: VantagePoint Capital Partners, Baird Venture Partners, and other existing investors
Funding total: $54 million
Funding purpose: Expand reach of local offers technology
Headquarters: Nashville, TN
Founded: 2007
Investors: Ribbit Capital, Matrix Partners
Funding total: $5 million
Headquarters: Salt Lake City, UT
Founded: 2009