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 investment risks, including the potential for loss of value, and are not FDIC insured or bank guaranteed. Bumped's services are not available in all jurisdictions, and users are advised to consult the company's legal disclosures, including its Privacy Policy and Terms of Use.
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, Valor Siren Ventures, Canaan Partners, and Commerce Ventures Management LLC
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. It encourages a cycle of reinvestment among its investors and entrepreneurs to strengthen the community through its Community Giving Fund. With a commitment to making a positive impact, Oregon Venture Fund seeks to create wealth and opportunities for Oregonians.
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. With offices in the U.S. and Israel and billions of dollars under management, Canaan has funded hundreds of startups and supported dozens of IPOs and acquisitions.
Valor Siren Ventures
Valor Siren Ventures is a venture capital firm focused on investing in innovative companies. Their investment thesis typically centers on identifying and supporting high-growth potential businesses within their target sectors.
What's next for Bumped?
The recent major strategic investment signifies a pivotal moment for Bumped, likely enabling the company to scale its operations, enhance its brokerage platform, and expand its market reach. This infusion of capital is expected to fuel further innovation and solidify its competitive standing in the financial technology landscape. The company's focus on enterprise-level funding suggests a mature stage of development, poised for significant expansion and potential market leadership.
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