What is Pigeonly?
Pigeonly operates a communication platform designed to bridge the gap between incarcerated individuals and their families. The Las Vegas-based company aims to mitigate the negative effects of incarceration by providing essential services such as low-cost jail calls, electronic letter sharing, and photo exchange. The company's mission is to foster stronger community ties by building products that address the challenges associated with imprisonment.
How much funding has Pigeonly raised?
Pigeonly has raised a total of $10.3M across 7 funding rounds:
Private Equity
$1M
Private Equity
$600K
Unspecified
$2.5M
Unspecified
$717K
Unspecified
$5M
Debt
$150K
Debt
$307K
Private Equity (2014): $1M, investors not publicly disclosed
Private Equity (2014): $600K, investors not publicly disclosed
Unspecified (2015): $2.5M, investors not publicly disclosed
Unspecified (2017): $717K, investors not publicly disclosed
Unspecified (2019): $5M backed by Mitchell Kapor, Erik Moore, and Tim Draper
Debt (2020): $150K with participation from PPP
Debt (2021): $307K led by PPP
Key Investors in Pigeonly
Erik Moore
Erik Moore is associated with a company in the Sports Teams & Leagues industry, indicating a potential interest in diverse market sectors.
Tim Draper
Tim Draper, associated with Felicis Ventures, is a prominent figure in venture capital, known for investing in early-stage technology companies.
What's next for Pigeonly?
With a history of securing significant enterprise-level funding and strategic investments, Pigeonly is positioned for continued growth and product development. The recent debt financing, including a notable round on March 6, 2021, suggests a focus on operational scaling and potentially expanding service offerings. Future strategic capital raises will likely support Pigeonly's mission to reduce the destructive impact of incarceration through accessible communication technologies.
See full Pigeonly company page
