Cerebro Capital, a Baltimore-based online platform to source and manage corporate credit facilities, raised a Series A funding round of undisclosed amount.
Backers included Sterling Partners and the State of Maryland’s TEDCO fund.
The company intends to use the funds to scale the online marketplace, broaden the capacity for complex debt transactions, and build out its sales, marketing, and engineering teams.
Founded by CEO Matthew Bjonerud and CTO Kevin Dieter, Cerebro is an online platform that allows middle market borrowers and corporate lenders to analyze, manage, and source credit facilities.
Launched in October 2017, corporate borrowers have sourced or managed over $1.0 billion in loans on the platform.