What is Credit.org?
Founded in 1974 and headquartered in Riverside, California, Credit.org operates as a not-for-profit mortgage lender dedicated to increasing homeownership opportunities. The organization's long-standing presence and mission-driven approach position it as a key player in providing accessible financial solutions for aspiring homeowners. Its recent funding rounds indicate a strategic focus on scaling its operations and expanding its reach.
How much funding has Credit.org raised?
Credit.org has raised a total of $42.4M across 4 funding rounds:
Angel/Seed
$1.7M
Series A
$9.5M
Series B
$31M
Debt
$236K
Angel/Seed (2015): $1.7M with participation from 2U, Inc and 500.com
Series A (2017): $9.5M led by Moneta Ventures, Rocket Ship, Learn Capital, and Costanoa Venture Capital
Series B (2020): $31M supported by Telstra
Debt (2021): $236K featuring PPP
Key Investors in Credit.org
Moneta Ventures
Moneta Ventures is a venture capital firm that specializes in investing in mission-critical enterprise technology companies, particularly those with unique technology and diverse monetization strategies. The firm is founded by entrepreneurs and operators who leverage their firsthand experience to provide strategic and tactical support to portfolio companies.
Rocket Ship
About Rocketship.vc Rocketship.vc is a global early-stage venture capital firm that is pioneering the use of data in making investment decisions. Rocketship uses machine learning to find and partner with some of the world's most exciting companies in technology, consumer and healthcare.
Learn Capital
Learn Capital, based in Silicon Valley, is one of the world's leading venture capital funds with a dedicated focus on education technology and companies that leverage technology for better and smarter learning worldwide. Since 2009, Learn Capital has backed extraordinary teams building market transforming services for every age and stage of learning, on nearly every continent.
What's next for Credit.org?
The recent major enterprise-level funding and strategic investment signal a period of significant expansion and operational enhancement for Credit.org. This capital injection is likely to fuel initiatives aimed at broadening its lending programs, enhancing its technological infrastructure, and potentially expanding its geographical footprint. The organization's commitment to its non-profit mission, coupled with substantial financial backing, suggests a strategic push to further its impact in making homeownership attainable for a wider demographic.
See full Credit.org company page
