CollegeBacker, a San Francisco, CA-based social savings platform, rebranded to Backer, and raisedĀ $8.4m in funding.
The round was led by Crosslink Capital with participation from Rally Ventures, Correlation Ventures, Expansion Ventures, SoFi co-founderĀ Dan Macklin, Patreon co-founderĀ Sam Yam, veteran fintech investorĀ Tom Blaisdell, Reach Capital, Ulu Ventures, Great Oaks Venture Capital, and several universities (Princeton,Ā Dartmouth, andĀ USC). In conjunction with the funding, Jim Feuille, early investor and board member at Chime, Pandora, and Personal Capital, joined the Backer board.
Led by founder and CEOĀ Jordan Lee, Backer is a social savings platform that brought digital investment advice to 529 plans. The company has already enabled its clients to saveĀ $20 millionĀ for college, with 40% of the money coming from family and friends.
FinSMEs
28/04/2021