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-3 | $9.77MM | $xx.xx | $361.61MM | Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures, Kelvin Beachum | |
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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures, Kelvin Beachum
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09/24/2020 | Series C-2 | $6.41MM | $xx.xx | $361.61MM | Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures, Kelvin Beachum | |
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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures, Kelvin Beachum
|
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09/24/2020 | Series C-1 | $6.46MM | $xx.xx | $361.61MM | Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures, Kelvin Beachum | |
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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures, Kelvin Beachum
|
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09/24/2020 | Series C | $27.36MM | $xx.xx | $361.61MM | Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures, Kelvin Beachum | |
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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures, Rosecliff Ventures, Afore Capital, RiverPark Ventures, Great Oaks Venture Capital, GR Capital, Nelstone Ventures, Abstract Ventures, Ride Ventures, The Gramercy Fund, Adventure Collective, Starta Ventures, Kelvin Beachum
|
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01/29/2019 | Series B-2 | $250,550 | $xx.xx | $121.81MM | Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures, Afore Capital | |
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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures, Afore Capital
|
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01/29/2019 | Series B-1 | $2.76MM | $xx.xx | $121.81MM | Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures, Afore Capital | |
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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures, Afore Capital
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01/29/2019 | Series B | $27.2MM | $xx.xx | $121.81MM | Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures, Afore Capital | |
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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures, Greyhound Capital, Third Prime Capital, Rosecliff Ventures, Story Ventures, RiverPark Ventures, Afore Capital
|
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01/10/2018 | Series A | $13.71MM | $xx.xx | $50.74MM | Valar Ventures, 5xmais, Abstract Ventures, RiverPark Ventures, Rosecliff Venture Partners | |
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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Valar Ventures, 5xmais, Abstract Ventures, RiverPark Ventures, Rosecliff Venture Partners
|
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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
800.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Abstract Ventures, Afore Capital, Brooklyn Bridge Ventures, Great Oaks Venture Capital, Guild Capital
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