Sweater: Raises $2.3M Pre-Seed Funding Round

Sweater Raises $2.3M Pre-Seed Funding Round

  • Sweater, a Boulder, CO-based mobile-first platform that allows users to directly access to Venture Capital, closed a $2.3m pre-seed financing
  • Backers included Motivate VC, MRTNZ Ventures, Bison Ventures, Spacestation Investments, and a group of angels
  • The company intends to use the funds to further develop its platform and accelerate their go-to-market strategy
  • The company provides a venture investing platform that allows everyone to become investors in venture-backed startups
  • In late November 2020, the company received a green light from the Securities and Exchange Commission to pursue their proposed fund structure
  • The waitlist to access Sweate’r will open in early July 2021 with an expected public market launch in early 2022
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FCA Opens Applications for Stablecoin Sprint Initiative

UK's Financial Conduct Authority seeks innovative stablecoin solutions.Highlights: FCA invites applications for Stablecoin Sprint initiative.The initiative aims to...

HSBC Joins Funding Round for Pan-Asia Fintech Welab

Major banking player supports Hong Kong-based digital bank's growth.Highlights: HSBC has invested in Welab's latest funding round.This investment...

Mastercard, Visa, and Revolut Lose UK Legal Challenge Over Card Fee Cap Plans

UK courts uphold cap on interchange fees affecting major payment companies.Highlights: UK courts dismiss legal challenge by Mastercard,...

LSEG Launches Blockchain-Based Digital Settlement Network

This new platform aims to enhance financial settlement processes.Highlights: LSEG has launched a blockchain-enabled digital settlement network.The platform...