petalcard.comFinTech / Personal FinanceFounded: 2016Funding to Date: $97.23MM
Petal is a credit card company focused on individual credit building using the existing financial data of each person. With cards issued by WebBank, users can track their credit scores and find cash-back opportunities nearby. Petal was founded in 2016 by Jack Arenas, Paul Rabil, Jason Rosen, and Andrew Endicott JD and is headquartered in New York, NY.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
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09/24/2020 | Series C-2 | $6.41MM | $xx.xx | $361.61MM | Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,150,646
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
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09/24/2020 | Series C-1 | $6.46MM | $xx.xx | $361.61MM | Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,029,644
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
|
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09/24/2020 | Series C-3 | $9.77MM | $xx.xx | $361.61MM | Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,993,873
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
|
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09/24/2020 | Series C | $27.36MM | $xx.xx | $361.61MM | Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,882,870
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abstract Ventures, Adventure Collective, Afore Capital, Gr Capital, Great Oaks Venture Capital, Kelvin Beachum, Nelstone Ventures, Ride Ventures, Riverpark Ventures, Rosecliff Ventures, Starta Ventures, The Gramercy Fund, Valar Ventures
|
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01/29/2019 | Series B-2 | $250,550.00 | $xx.xx | $121.81MM | Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
115,328
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
|
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01/29/2019 | Series B-1 | $2.76MM | $xx.xx | $121.81MM | Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,177,696
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
|
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01/29/2019 | Series B | $27.2MM | $xx.xx | $121.81MM | Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
10,432,848
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Afore Capital, Greyhound Capital, Riverpark Ventures, Rosecliff Ventures, Story Ventures, Third Prime Capital, Valar Ventures
|
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01/10/2018 | Series A | $13.71MM | $xx.xx | $50.74MM | 5xmais, Abstract Ventures, Riverpark Ventures, Rosecliff Venture Partners, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
10,892,241
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
5xmais, Abstract Ventures, Riverpark Ventures, Rosecliff Venture Partners, Valar Ventures
|
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12/15/2016 | Series Seed | $3.3MM | $xx.xx | $14.12MM | Abstract Ventures, Afore Capital, Brooklyn Bridge Ventures, Great Oaks Venture Capital, Guild Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,874,999
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Abstract Ventures, Afore Capital, Brooklyn Bridge Ventures, Great Oaks Venture Capital, Guild Capital
|