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Aven raised $142 million in a series D investment led by Khosla Ventures and General Catalyst to bring the world’s first home equity-backed credit card to homeowners in all 50 states.

PRIVATEJul 17, 2024

Amount Raised

$142 Million

Round Type

Series D

San FranciscoFinancial Services

Investors

The General PartnershipFounders FundElectric CapitalCaffeinated CapitalGeneral CatalystKhosla Ventures

Description

Aven, a technology company offering consumer credit cards backed by home equity, announced a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership. Aven was founded in 2019 by Sadi Khan, Collin Wikman, and Murtada Shah, former product, design, and engineering executives at Facebook and Square.

Who else raised in Financial Services around the same time

Companies in the same sectors as Aven that raised within 45 days of this round, from Fundz verified event records.

  • GigPay raised $1.1M (Seed) on August 31, 2024.
  • Bee Informatica raised an undisclosed amount (Seed) on August 30, 2024.
  • Kredete raised $2.3M (Seed) on August 30, 2024.
  • QNB raised $40M on August 30, 2024.
  • TBC Bank Uzbekistan raised $25M (Debt Financing) on August 29, 2024.
  • Ensysce Biosciences raised $5.1M on August 29, 2024.

Who to call at Aven, and when

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Company Information

Company

Aven

Location

San Francisco, California, United States

About

Aven is a technology company founded in 2019 that offers consumer credit cards backed by home equity. Their mission is to provide consumers with the lowest cost and most convenient access to capital.

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Aven raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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