Backers included Marcy Venture Partners, Citi, Softbank Opportunity Fund, Concrete Rose and Village Capital.
The company intends to use the funds to continue to expand its reach.
Led by Michael Broughton, co-founder and CEO, Perch provides an app that allows users to build credit using their recurring expenses they are already paying for, such as Netflix, Hulu, Spotify or rent. By using a person’s existing payments and subscriptions to demonstrate responsibility to U.S. credit bureau partners, Perch can establish a person’s credit history. With the app, users can see an improvement in their credit score in less than 30 days compared to the typical 6-8 months it takes, on average, to build credit using a credit card or loan.
SQUIRE Tech raises $59m from SoftBank Opportunity Fund, Tiger Global, others
Photographer: Kiyoshi Ota/Bloomberg Premium
SQUIRE Technologies raised $59 million in a Series C round, led by ICONIQ Capital, with participation from Tiger Global, Charles River Ventures, Trinity Ventures, New General Market Ventures, and SoftBank Opportunity Fund, the New York-based company said in a statement Thursday.
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Squire Technologies, a NYC- and Buffalo, NY-based provider of a platform for barbershops around the world to operate and scale their businesses, secured $59m in a Series C funding.
The round, which included $44m in equity financing and $15m in debt financing and brought total amount raised to date to approx. $105m, was led by ICONIQ Capital with participation from Tiger Global, Charles River Ventures, Trinity Ventures, New General Market Ventures, and SoftBank Opportunity Fund, as well as celebrity and strategic investors Stephen Curry, Trevor Noah, Quincy Jones, Tooey Courtemanche, Ara Mahdessian, Vahe Kuzoyan, and Pharrell Williams.
Led by and Songe LaRon, Co-Founder, and CEO, and Dave Salvant, Co-Founder, and President, Squire provides a platform for barbershops and men’s salons to operate and scale their businesses. The software can serve independent professionals, stand-alone locations, and multi-location franchises, with tools such as Point of Sale, Schedulin
Another health tech company moving headquarters to Birmingham [al.com]
A New York City based health tech company is moving its headquarters to Birmingham following an investment from the Alabama Futures Fund.
HealNow, a two-year-old payments platform for online and traditional retail pharmacies, is currently based in New York City. It’s the second health company in as many days to announce a relocation to Birmingham. On Tuesday, digital health company Acclinate announced it is moving its corporate headquarters from Huntsville to Birmingham.
TechCrunch is reporting the company closed a $1.3 million round of funding.
HealNow Founder/CEO Halston Prox will relocate to Birmingham in the first quarter of 2021.
Another health tech company moving headquarters to Birmingham
Updated Dec 10, 2020;
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A New York City based health tech company is moving its headquarters to Birmingham following an investment from the Alabama Futures Fund.
HealNow, a two-year-old payments platform for online and traditional retail pharmacies, is currently based in New York City. It’s the second health company in as many days to announce a relocation to Birmingham. On Tuesday, digital health company Acclinate announced it is moving its corporate headquarters from Huntsville to Birmingham.
HealNow Founder/CEO Halston Prox will relocate to Birmingham in the first quarter of 2021.
HealNow’s platform is integrated into a pharmacy’s electronic records workflow, streamlining the prescription process and providing electronic payment processing, which the company says increases revenue for pharmacies.