What is Setpoint?
Setpoint operates a sophisticated platform designed to automate the entire funding lifecycle. Its technology empowers operators and lenders by streamlining the management of capital requirements, offering a comprehensive solution for financial operations. The company's focus on efficiency and automation in capital management positions it as a key player in the fintech landscape, addressing critical needs for businesses managing complex funding processes.
How much funding has Setpoint raised?
Setpoint has raised a total of $74M across 2 funding rounds:
Series A
$43M
Series B
$31M
Series A (2022): $43M with participation from Andreessen Horowitz, Fifth Wall, 645 Ventures, and NextView Ventures
Series B (2024): $31M led by Andreessen Horowitz, 645 Ventures, and NextView Ventures
Key Investors in Setpoint
Andreessen Horowitz
Founded in 2009, Andreessen Horowitz is a private American venture capital firm that invests in both early-stage start-ups and established growth companies. The company is headquartered in Menlo Park, California.
645 Ventures
645 Ventures is a venture capital firm that invests in seed and Series A SaaS companies, focusing on partnering with innovative founders who aim to transform the future. The firm provides support in customer acquisition, talent recruitment, and fundraising, helping startups navigate their growth stages effectively.
NextView Ventures
NextView is a thematic, seed-stage VC firm focused on the Everyday Economy and the company invest nationally across consumer and B2B companies. The company is proud seed investors in over 100 portfolio companies over the last decade.
What's next for Setpoint?
With the recent infusion of capital, Setpoint is poised for accelerated expansion and further platform development. The strategic investment signals strong confidence from its backers in Setpoint's ability to scale its operations and enhance its product offerings. This backing will likely fuel initiatives aimed at broadening its market reach, deepening its technological capabilities, and solidifying its role as a leader in automating financial workflows for capital management.
See full Setpoint company page
