EarlyBird, a Chicago, IL-based gifting platform that enables parents, family, and friends to collectively invest in a child’s financial future, raised $4M in seed funding.
The round was led by Alexis Ohanian’s Seven Seven Six, followed by strategic participation from Gemini’s Frontier Fund along with Rarebreed Ventures, Fiat Ventures, Network Ventures, NBA Player Thaddeus Young’s Reform Ventures, and Alex Lieberman, executive chairman and co-founder of Morning Brew, among others.
The company intends to use the funds to continue building out its community-first approach to childhood investing; expand its engineering, product, marketing and operations teams; and introduce the ability for users to invest and gift assets beyond stocks and ETFs, including cryptocurrencies.
Led by Jordan Wexler, CEO and Co-Founder, EarlyBird is a gifting platform that allows parents, family, and friends to collectively invest in a child’s financial future, starting at the earliest age. In minutes, parents can set up an investment account, choose from a range of diversified portfolio options, and start investing on behalf of their child.
The platform empowers a child’s broader network of family, friends, and loved ones to send gifted capital accompanied by timeless video and photo memories for birthdays, holidays, etc.