What is Bumped?
Bumped operates within the financial services sector, providing brokerage services through Bumped Financial LLC, a registered FINRA/SIPC member. The company's offerings are subject to the inherent risks associated with investing in securities, including the possibility of loss of principal. Bumped's services are not an offer to buy or sell securities and are only available in jurisdictions where its financial services entity is registered. The company emphasizes transparency through readily accessible legal disclosures, privacy policies, and customer agreements.
How much funding has Bumped raised?
Bumped has raised a total of $16.1M across 3 funding rounds:
Debt
$5M
Series A
$10.4M
Debt
$723K
Debt (2020): $5M, investors not publicly disclosed
Series A (2020): $10.4M led by Oregon Venture Fund, Commerce Ventures Management LLC, Valor Siren Ventures, and Canaan Partners
Debt (2021): $723K supported by PPP
Key Investors in Bumped
Oregon Venture Fund
Oregon Venture Fund is dedicated to investing in and supporting the next generation of world-class growth companies, focusing on ambitious founding teams with innovative solutions. The fund aims to empower local entrepreneurs while scaling their businesses globally.
Canaan Partners
Canaan is an early-stage venture capital firm that invests in technology and healthcare companies, backing founders from seed through growth stages in areas such as enterprise software, fintech, consumer, biopharma, and digital health.
Commerce Ventures Management LLC
Commerce Ventures Management LLC is an investment firm that focuses on companies within the commerce and financial technology sectors, providing strategic capital and operational expertise to drive growth and innovation.
What's next for Bumped?
The recent major strategic investment, coupled with the overall enterprise-level funding, positions Bumped for accelerated expansion and product development. This substantial backing is likely to fuel initiatives aimed at enhancing its brokerage services, expanding its user base, and potentially exploring new market opportunities. The company's focus on regulatory compliance and investor protection, as evidenced by its disclosures, suggests a strategy centered on sustainable growth and building long-term trust within the financial ecosystem.
See full Bumped company page
