EarlyBird, a Chicago, IL-based fintech gifting platform, raised $2.4M in financing.
The round was led by Network Ventures, with strategic participation from Chingona Ventures, Bridge Investments, Kairos Angels, Takoma Ventures, and Subconscious Ventures along with notable angel investors.
The company intends to use the funds to further build the team and accleerate the public launch of EarlyBird.
Led by CEO Jordan Wexler and COO Caleb Frankel, EarlyBird provides a mobile app that empowers parents, family, and friends to collectively invest in the financial futures of their kids. The app enables parents or guardians to set up custodial investment accounts for their children in minutes, while friends and family can make meaningful and sustainable financial gifts to the children in their life. With each gift, contributors are encouraged to record a video memory that will leave a lasting legacy while also providing an emotional touch to their financial gift.
The company will be officially launching their iOS app to the App Store this December.