StreetShares, Inc., a Washington, DC-based small business funding and government contract financing company serving the military and veteran market, completed a $23m Series B funding round.
The round was led by a $20m investment from Rotunda Capital Partners, LLC, and included an additional $3 million from existing investors, including veteran-focused venture firm, Stony Lonesome Group.
Led by Mark L. Rockefeller, CEO, and and Mickey Konson, COO, StreetShares provides specialty finance products for the veteran and military community, including small business loans and lines of credit as well as alternative investment products such as Veteran Business Bonds, which is a veterans social-impact investing product.
StreetShares is also a factoring company offering invoice factoring and account receivables financing for government contractors.
Brian Burke of Cooley LLP acted as counsel for StreetShares.