• Karen Avidar

Crowded Raises $6M

We are excited to announce our latest round of funding and some of our future plans for Crowded.

Crowded raises $6M in seed round funding
Crowded co-founders (from left) CTO Dvir Hanum, CEO Daniel Grunstein, and CRO Darryl Gecelter.

Over the past three months, we began working with hundreds of clubs and associations nationwide to offer them our mobile-first, user-friendly platform for managing nonprofit funds. From fraternities and sororities to sports clubs and student clubs, we are proud to be working with the next generation of leaders to offer them an accessible solution to managing finances.

We’re excited to be a part of the change that will break down old barriers and make it easier for our clients to go out and do good in the world.

This capital will be fundamental to our long-term efforts and enable us to continue improving and launching new features that will take our user experience into its next phase.

In addition to our digital Visa® debit cards for club expenses, easy in-app payment requests, and trackable fund management features, we're excited to get to work on several new features that will continue to make Crowded the go-to banking and financial management platform for nonprofit clubs, groups, and associations.

Crowded's digital Visa® debit card feature

Our seed round was led by the Garage, a VC backed by Bank Leumi, Valley National Bank, and BRM group. We'd like to thank our additional investors in this round Philippe Bouaziz (Co-Founder of Deel), Michael Marks (Innoventure Partners), and our other investors who include executives of major banks and VCs such as Bain Capital, Goldman Sachs, and Macquarie.

We’d also like to thank our entire team, especially all of our college interns and ambassadors who have helped shape our product, get the word out about us on campus, and who also volunteer their time to help their communities and the causes they care about.

We’re thrilled to be expanding our team and are currently hiring for several open positions. If you see a job opportunity at Crowded that excites you, come join us!

You can read more about our recent funding on TechCrunch.

*Crowded Technologies Inc. is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank, Member FDIC. The Crowded Visa® debit card is issued by Blue Ridge Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.

843 views0 comments