Hum Capital, a NYC-based AI powered funding platform, raised $9m in Series A funding.
The round was led by Future Ventures, with participation from Webb Investment Network, Wavemaker Partners and Partech.
The company intends to use the funds to scale its go-to-market operations and onboard new institutional investors onto its Intelligent Capital Market (ICM) platform to expand access to a diverse range of non-dilutive financing products.
Led by Blair Silverberg, CEO and co-founder, Hum Capital is a funding platform that connects companies with the right capital up to $50m. Investors on the platform gain investment insights and a personalized deal flow built on company data.
With the ICM, Hum’s machine learning models ingest, organize, label and analyze real-time company financial data from connections to over 100 SaaS systems of record like Quickbooks, Netsuite and Google Analytics. The ICM then delivers advanced analytics, simulations and competitive benchmarks that help companies understand their value before matching them with suitable investors based on their fundraising goals and business performance.
Since the start of the year, Hum has helped companies such as SecurityScorecard, Evolv AI and Flaviar secure more than $400 million in capital commits from some of the 250 institutional investors.