What is Lili?
Lili is a comprehensive banking application established in 2018 and headquartered in New York. It is specifically designed for freelance workers, integrating essential banking services with real-time expense tracking, tax preparation tools, and insightful financial analytics. By providing these integrated features, Lili aims to equip independent professionals with the necessary resources to effectively manage their finances, thereby saving both time and money.
How much funding has Lili raised?
Lili has raised a total of $79M across 3 funding rounds:
Angel/Seed
$10M
Series A
$14M
Series B
$55M
Angel/Seed (2020): $10M with participation from Foundation Capital, Torch Capital, AltaIR Capital, Group 11 Advisors, and Primary Venture Partners
Series A (2020): $14M led by Foundation Capital, Torch Capital, Primary Venture Partners, AltaIR Capital, Group 11 Advisors, and Zeev Ventures
Series B (2021): $55M supported by Group 11 and Target Global
Key Investors in Lili
Group 11
Group 11 is an investment firm focused on identifying and supporting innovative companies that are reshaping the financial landscape. They prioritize the success of their portfolio companies, believing that their own success is tied to the achievements of the founders they back.
Target Global
Since its founding in 2015, Target Global has established itself as a leading a pan-European technology investment firm with more than 3 billion in assets under management, investing in companies across all stages of their lifecycle, from pre-seed to pre-IPO.
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise.
What's next for Lili?
The recent major strategic investment in Lili Co. signals a pivotal growth phase for the company. This capital infusion is expected to fuel further development of its innovative financial platform, enhance its market reach, and potentially expand its service offerings to better serve the evolving needs of the freelance economy. The company's trajectory suggests a strong focus on solidifying its position as a leader in fintech solutions for independent workers.
See full Lili company page
