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SoMoLend Raises $1.17 in Seed Funding

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After finishing up a Best of Show win at FinovateSpring last week, SoMoLend announced yesterday that it has raised a round of $1.17 million in seed funding.

The round was lead by CincyTech and also included:

    • Queen City Angels
    • North Coast Angel Fund
    • Blue Chip Partners
    • Shaker LaunchHouse
    • Eldar Investment LLC
    • Clarion Direct Investment LLC
    • Numerous individual investors 

The newly-launched startup plans to use the cash to complete the alpha version of the software, create market underwriting standards, and work on their capitalization plan.

To learn more about SoMoLend, watch its FinovateSpring 2012 demo, coming soon to