Backed Garners $1,500,000 Seed Funding

  • Feed Type
  • Date
    12/8/2015
  • Company Name
    Backed
  • Mailing Address
    106 West 32nd Street New York, NY 10001 USA
  • Company Description
    By backing their children with a BACKED loan, parents effectively lend their credit score, and not their cash. With Backed, parents are not exposed to the usual co-signing risks.
  • Website
    http://www.backedinc.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,500,000
  • Transaction Round
    Seed
  • Proceeds Purposes
    Backed will use half of the funds to further develop its product and hire new staff and the rest for customer acquisition.
  • M&A Terms
  • Venture Investor
    Undisclosed

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