Hum Capital has collected $21m in its Series A funding round to help it facilitate the expansion of its Intelligent Capital Market (ICM) platform.
The fresh capital was supplied by Cowen and Company and Invesco Private Capital.
Hum Capital helps companies access capital investments. Its ICM can support companies raising both equity and debt capital, providing entrepreneurs with a one-stop platform for private capital transactions.
Its platform leverages machine learning to analyse a company’s performance and identifies financing options and pre-qualified investors that meet a company’s goals and financials.
As the company expands to facilitate equity deals, it hopes to diversify the investors on the ICM.
The company claims the average annual revenue of companies using Hum is $17m.
Hum Capital CEO and co-founder Blair Silverberg said, “Pursuing investor relationships one-by-one is like travel was in the 1980s.
“In the modern economy, we believe that companies should be able to access the entire market of capital sources when funding their growth, not just the ones companies know. By expanding Hum’s services to include equity raises, we’re empowering companies to navigate the private capital markets with a single portal, much like travel via Kayak.”
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