Total amount raised
$30 Millions
Latest funding date
3/1/2021
Location
Windfall has successfully raised significant funding over multiple rounds, positioning itself as a key player in the data intelligence sector. The platform offers comprehensive solutions for both nonprofit and for-profit organizations, focusing on actionable consumer financial data.
Continue reading to delve into the details of Windfall's funding journey and the investors who are backing this innovative platform.
What Is Windfall?
Windfall, founded in July 2016, is headquartered in San Francisco, California. The company was established by Arup Banerjee, Cory Tucker, and Dan Stevens.
Windfall specializes in providing actionable consumer financial data to both nonprofit and for-profit organizations. Their platform is designed to help organizations identify and engage their most promising constituents by offering data that is refreshed weekly.
With a team of 101-250 employees, Windfall is on a mission to change how organizations perceive and use people data, aiming to determine the net worth of everyone on the planet.
How Much Funding Has Windfall Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the consumer financial data asset that delivers insights and integrates into organizations’ workflows to drive better decision-making.
- Venture Round
- Amount Raised: $9M
- Date: August 2019
- Lead Investors: Bullpen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue building its consumer financial data asset and expand its market reach.
- Series A
- Amount Raised: $21M
- Date: March 31, 2021
- Lead Investors: En Pointe
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in R&D, expand the team, and scale sales and marketing operations.
- Series A
- Amount Raised: Not publicly disclosed
- Date: May 17, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform and expand its capabilities.
Total Amount Raised: $30M
Current Valuation: Not publicly disclosed
Key Investors
- En Pointe
- Details: En Pointe is a venture capital firm that led Windfall's Series A funding round. David Lamond, President of En Pointe, has expressed strong support for Windfall's vision.
- Investment Focus Areas: Data-driven businesses, consumer financial data markets, disruptive platforms.
- Notable Investments: Not publicly disclosed.
- Bullpen Capital
- Details: Bullpen Capital is a venture capital firm that focuses on post-seed stage investments. They participated in Windfall's venture round and Series A funding.
- Investment Focus Areas: Post-seed stage companies, technology startups, data-driven businesses.
- Notable Investments: Not publicly disclosed.
- EPIQ Capital Group
- Details: EPIQ Capital Group is a private investment firm that participated in Windfall's Series A funding round. They focus on long-term partnerships with high-growth companies.
- Investment Focus Areas: High-growth companies, technology, consumer markets.
- Notable Investments: Not publicly disclosed.
- Bonfire Ventures
- Details: Bonfire Ventures is a venture capital firm that invests in early-stage companies. They are an existing investor in Windfall and participated in the Series A round.
- Investment Focus Areas: Early-stage companies, technology startups, SaaS businesses.
- Notable Investments: Not publicly disclosed.
- Cherubic Ventures
- Details: Cherubic Ventures is a venture capital firm that invests in early-stage startups. They are an existing investor in Windfall and participated in the Series A round.
- Investment Focus Areas: Early-stage startups, technology, consumer markets.
- Notable Investments: Not publicly disclosed.
What's Next for Windfall?
Windfall is poised to capitalize on the growing demand for data-driven decision-making. With a $21 million Series A funding round, the company plans to invest in R&D, expand its team, and scale sales and marketing operations. The integration with over 300 platforms like Salesforce and HubSpot offers a significant opportunity to enhance workflows and performance across various sectors.
Future fundraising seems promising as Windfall continues to disrupt the consumer financial data market. The company's impressive 3.0x year-over-year growth rate and expanding customer base make it an attractive prospect for investors. However, challenges such as maintaining data accuracy and scaling operations while ensuring quality could pose hurdles. Competition from other data analytics providers will also be a critical factor to navigate.
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