Cumulus Funding Lands $850,000 Series A Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=de17e63c-03fe-4a1f-a9ad-4caee1f67fe0&Preview=1 -
Date
1/3/2013 -
Company Name
Cumulus Funding -
Mailing Address
325 West Huron Chicago, IL 60654 -
Company Description
We created Cumulus Funding to be the first company to invest in the American worker. Many people in this country need access to funds for many different reasons. We recognize that in many cases, traditional banks and lenders are unwilling or unable to meet those individuals’ needs. -
Website
http://www.cumulusfunding.com -
Transaction Type
Venture Equity -
Transaction Amount
$850,000 -
Transaction Round
Series A -
Proceeds Purposes
Cumulus will use the majority of the proceeds from this capital raise to ramp up its marketing and underwriting of its proprietary Future Income eXchange contracts, “equity-like contracts” whereby Cumulus provides funding to clients in exchange for a fixed, agreed-upon percentage of the client’s future income for a fixed period of time. -
M&A Terms
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Venture Investor
Individual Investor -
Venture Investor
Vintox Fund -
Venture Investor
Individual Investor -
Venture Investor
Individual Investor
