dv01 has successfully raised $46.5 million over 7 funding rounds, positioning itself as a key player in the structured finance market. The platform offers comprehensive data analytics tools that enhance transparency and efficiency for lenders and Wall Street investors.
Keep reading to explore the intricacies of dv01's fundraising journey and the investors backing this innovative platform.
What Is dv01?
dv01, founded by Perry Rahbar, is a data analytics platform that aims to bring transparency to the structured finance market. Established in 2014, the company operates out of Miami and New York City.
With a team of 51-200 employees, dv01 serves as a central hub between lenders and capital markets. The platform covers a wide range of loans, including mortgages, personal loans, and student loans.
dv01's mission is to prevent financial crises by providing data and tools for smarter, data-driven decisions. Their comprehensive analytics enhance transparency and efficiency for both lenders and Wall Street investors.
How Much Funding Has dv01 Raised?
- Seed Funding Round
- Amount Raised: $7.5 million
- Date: June 29, 2016
- Lead Investors: Quantum Strategic Partners Ltd., Leucadia National Corporation, Pivot Investment Partners
- Motivation Behind the Round: To expand the engineering team and launch portfolio management software, focusing on securitization and scaling into consumer and mortgage lending markets.
- Series A Round
- Amount Raised: $5.5 million
- Date: September 2017
- Lead Investors: OCA Ventures
- Motivation Behind the Round: Typically used for scaling the business, product development, and market expansion.
- Series B Round
- Amount Raised: $15 million
- Date: January 30, 2019
- Lead Investors: Pivot Investment Partners
- Motivation Behind the Round: To expand the data library, invest in product innovation, and grow the customer base across lending markets.
- Series B3 Funding Round
- Amount Raised: $6 million
- Date: January 12, 2021
- Lead Investors: Pivot Investment Partners, AGNC Ventures, LLC
- Motivation Behind the Round: To support growth and technological advancements, particularly in enhancing data granularity and transparency in the agency MBS market.
Total Amount Raised: $34 million. Current Valuation: (~estimated) $100 million.
Key Investors
- Pivot Investment Partners
- Details: Pivot Investment Partners is a team of CEO-level operating executives who have grown and transformed financial services businesses globally. They provide both capital and operational expertise to high-potential financial services and FinTech companies.
- Investment Focus Areas: Financial services, FinTech, InsurTech
- Notable Investments: dv01, MoneyLion, Better Mortgage
- AGNC Ventures, LLC
- Details: AGNC Ventures, LLC is an affiliate of AGNC Investment Corp., a leading residential mortgage REIT with over $97 billion in assets. They focus on investments that enhance their core business of residential mortgage-backed securities.
- Investment Focus Areas: Residential mortgage REITs, real estate, financial services
- Notable Investments: AGNC Investment Corp., dv01
- Quantum Strategic Partners Ltd.
- Details: Quantum Strategic Partners Ltd. is a private investment vehicle advised by Soros Fund Management LLC. They focus on acquiring and building businesses with attractive returns on investment.
- Investment Focus Areas: Various sectors, including technology, healthcare, financial services
- Notable Investments: dv01, Palantir Technologies, Uber
- Jefferies Financial Group Inc.
- Details: Jefferies Financial Group Inc. is a global investment banking firm that provides a range of financial services including investment banking, asset management, and capital markets. They are known for their advisory services in mergers and acquisitions.
- Investment Focus Areas: Investment banking, asset management, capital markets
- Notable Investments: dv01, WeWork, Amazon
- OCA Ventures
- Details: OCA Ventures is a venture capital firm that focuses on early-stage and growth equity investments. They have a history of investing in innovative technology companies.
- Investment Focus Areas: FinTech, healthcare, enterprise software
- Notable Investments: dv01, SpotHero, Base CRM
What's Next for dv01?
dv01 stands at the cusp of significant growth opportunities, particularly in the agency MBS market, which trades $65 trillion annually. The acquisition of Pragmic Technologies positions dv01 to offer real-time performance data, a game-changer for investors. Additionally, the growing demand for ESG standards in structured products presents another lucrative avenue for expansion.
Future fundraising appears promising, with the recent $6 million Series B3 round indicating strong investor confidence. As dv01 continues to innovate and expand its data library, further investment rounds are likely. However, challenges such as integrating new technologies and maintaining a competitive edge in the fintech sector remain.
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