Total amount raised
$79.2 Millions
Latest funding date
April, 2019
Location
Branch has successfully raised significant funding across multiple rounds, with notable investors such as KSV Global and New Enterprise Associates backing the company. The platform offers a range of financial services, including instant loans, money transfers, and high-yield investments, primarily targeting emerging markets.
Keep reading to explore the intricacies of Branch's fundraising journey and the investors supporting this innovative financial technology platform.
What Is Branch?
Branch, founded on April 15, 2014, is headquartered in Palo Alto, California. The company was established by Alex Austin, Dmitri Gaskin, Mada Seghete, and Mike Molinet.
Branch specializes in linking and measurement solutions, helping companies drive seamless mobile experiences and maximize their digital strategies. Their services are trusted by thousands of top brands globally.
With a workforce of 251-500 employees, Branch continues to innovate in the financial technology sector, offering a range of digital banking products and services.
How Much Funding Has Branch Raised?
- Seed Round
- Amount Raised: $300K
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop and launch the platform.
- Seed Round
- Amount Raised: $2.8M
- Date: September 2014
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the team.
- Series A
- Amount Raised: $15M
- Date: February 2015
- Lead Investors: New Enterprise Associates, TriplePoint Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and increase market reach.
- Series B
- Amount Raised: $35M
- Date: January 2016
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand into new markets.
- Series B
- Amount Raised: Not publicly disclosed
- Date: May 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product development.
- Series C
- Amount Raised: $60M
- Date: April 2017
- Lead Investors: Playground Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the product suite.
- Series D
- Amount Raised: $129M
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand global reach.
- Series E
- Amount Raised: $125M
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and innovation in mobile linking solutions.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: November 2021
- Lead Investors: Tenacity Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Series F
- Amount Raised: $300M
- Date: February 2022
- Lead Investors: New Enterprise Associates
- Valuation at Round: $4 billion
- Motivation Behind the Round: To expand the mobile linking platform and enhance privacy-first measurement solutions.
Total Amount Raised: $666.1M. Current Valuation: $4 billion.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that has been investing in transformative companies since 1977. They have nearly $24 billion in cumulative committed capital.
- Investment Focus Areas: Technology, healthcare, companies at all stages from seed to IPO.
- Notable Investments: Over 230 portfolio company IPOs, more than 390 mergers and acquisitions.
- Founders Fund
- Details: Founders Fund is a San Francisco-based venture capital firm founded in 2005. They focus on investing in companies that are working on breakthrough technologies.
- Investment Focus Areas: Aerospace, artificial intelligence, healthcare, consumer internet, and energy.
- Notable Investments: SpaceX, Palantir Technologies, Airbnb.
- Playground Global
- Details: Playground Global is a venture capital firm and startup studio that focuses on early-stage investments. They provide both capital and resources to help startups grow.
- Investment Focus Areas: Hardware, software, artificial intelligence, and robotics.
- Notable Investments: Relativity Space, Nervana Systems, Owl Labs.
- TriplePoint Capital
- Details: TriplePoint Capital is a global financing provider that offers debt financing, leasing, and direct equity investments. They focus on high-growth venture capital-backed companies.
- Investment Focus Areas: Technology, life sciences, and other high-growth industries.
- Notable Investments: Facebook, YouTube, Square.
- Tenacity Venture Capital
- Details: Tenacity Venture Capital is a venture capital firm that focuses on early-stage investments. They aim to support innovative startups with strong growth potential.
- Investment Focus Areas: Technology, healthcare, and consumer products.
- Notable Investments: Not publicly disclosed.
What's Next for Branch?
Branch is poised to capitalize on the growing demand for mobile linking and privacy-first measurement solutions. With a $300 million investment and a $4 billion valuation, the company plans to expand its mobile linking platform and enhance its mobile measurement solutions. These opportunities are vast, given Branch's reach of over 3 billion monthly users and its role in helping over 100,000 companies navigate the evolving mobile ecosystem.
Future fundraising seems likely as Branch continues to innovate and address industry challenges, such as privacy changes and the proliferation of new device types. However, the company must navigate these privacy regulations and maintain user trust while scaling its platform. The path ahead is promising but requires careful adaptation to industry trends and regulatory landscapes.
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