Dealstruck, Carlsbad, CA-based crowdlending platform, closed a $1.2m seed funding round.
Backers include Giles Raymond.
The company intends to use the funds to enhance its online platform, build out the underwriting team, offer additional products and streamline the technology for institutional and accredited individual investors.
Led by Ethan Senturia, co-founder and CEO, Dealstruck connects profitable small businesses with accredited and institutional investors. The solution offers thorough credit screening on business borrowers and allows investors to choose specific investments.
In addition to the funding, the company appointed Rudy Navarro as Vice President of Operations. Previously Executive Vice President at Capital Partners, Navarro will lead Dealstruck’s efforts to streamline and automate the underwriting, documentation and compliance process.