Total amount raised
$18 Millions
Latest funding date
9/1/2022
Location
Noble has successfully raised funds through multiple rounds, with its latest being a Series A. The company offers a comprehensive risk infrastructure platform designed to streamline customer lifecycle decisioning for financial products.
Keep reading to explore the intricacies of Noble's fundraising journey and the investors backing this innovative platform.
What Is Noble?
Noble, founded in 2021, is based in Tel Aviv, Israel. The company was established by Moran Mishan and Tomer Biger.
Specializing in risk infrastructure, Noble helps companies assess and monitor the creditworthiness of their customers. Their platform includes tools for data integration, risk assessment automation, and customer management.
With a team of 11-50 employees, Noble continues to innovate in the financial technology space, providing essential services for customer lifecycle decisioning.
How Much Funding Has Noble Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: TLV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the platform and pilot the service with prominent customers.
- Series A
- Amount Raised: $18M
- Date: September 2022
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To open a U.S. office and expand the suite of offerings, enabling companies to build, launch, and scale credit-based products and services.
Total amount raised: $18M. Current valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies. Founded in 1995, the firm has a strong track record of supporting innovative startups.
- Investment Focus Areas: Technology, software, high-growth companies.
- Notable Investments: Twitter, Shopify, DocuSign.
- TLV Partners
- Details: TLV Partners is an Israeli venture capital firm that focuses on early-stage technology companies. Established in 2015, the firm aims to support startups with significant growth potential.
- Investment Focus Areas: Early-stage technology, fintech, cybersecurity.
- Notable Investments: Next Insurance, Aqua Security.
- Cross River Digital Ventures
- Details: Cross River Digital Ventures is the venture arm of Cross River Bank, focusing on fintech and technology investments. The firm leverages its banking expertise to support innovative financial solutions.
- Investment Focus Areas: Fintech, technology, financial services.
- Notable Investments: Affirm, Stripe.
- Y-Combinator
- Details: Y-Combinator is a renowned startup accelerator that provides seed funding and support to early-stage startups. Since its inception in 2005, it has helped launch numerous successful companies.
- Investment Focus Areas: Early-stage startups, technology, various sectors.
- Notable Investments: Airbnb, Dropbox, Reddit.
- Flexport Fund
- Details: Flexport Fund is the investment arm of Flexport, a logistics and supply chain company. The fund focuses on supporting startups that innovate in the logistics and supply chain sectors.
- Investment Focus Areas: Logistics, supply chain technology, transportation.
- Notable Investments: Flexport.
What's Next for Noble?
With the recent $18 million Series A funding, Noble is poised to seize significant opportunities by opening a U.S. office and expanding its suite of credit-based products. This move aligns with the growing trend of digital lending and the increasing demand for innovative financial solutions like credit cards and BNPL services.
As Noble scales its operations, future fundraising rounds seem likely to support further expansion and technological advancements. However, the company may face challenges such as compliance issues and competition from other fintech firms. Navigating these hurdles will be crucial for Noble's sustained growth and market presence.
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