Fundz

Revenue-Based Financing Platform Bloom Secures $376M Series A Led By Credo And Fortress

PRIVATEMay 26, 2022

Amount Raised

$376 Million

Round Type

Series A

New YorkCommerce and ShoppingSoftwareData And AnalyticsSales And Marketing

Description

European revenue-based financing is experiencing as much of a boom as it is in the US, with the likes of Pipe reaching a multi-billion valuation. UK-based startup platform Bloom has now secured a £300m / $376m financing round led by Credo Capital and Fortress Investment Group LLC (NYSE:FIG), making it one of the better-funded revenue-based lending businesses in Europe. It has now raised a total of £307m.

Quick answer

Bloom raised $376 Million in a Series A round, dated May 26, 2022. Bloom is based in New York, United States.

How much did Bloom raise?
Bloom raised $376 Million in a Series A round on May 26, 2022.
What does Bloom do?
The AI-driven platform has garnered backing from various high-powered venture firms and angel investors, bringing Bloom one step closer to bringing generative AI to eCommerce.
Where is Bloom based and how big is it?
Bloom is based in New York, United States. Fundz records about 41 employees.
Who are the decision-makers at Bloom?
Fundz holds 1 contact at Bloom. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Commerce and Shopping and Data And Analytics around the same time

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

  • Qiibee raised $4.8M (Seed) on July 5, 2022.
  • Eargo raised an undisclosed amount on July 5, 2022.
  • Maze raised $40M (Funding Round) on June 9, 2022.
  • OneMagnify raised an undisclosed amount on June 2, 2022.
  • CloseFactor raised $4.5M (Seed) on June 1, 2022.
  • Raydiant, Inc. raised $20M on May 31, 2022.

Who to call at Bloom, and when

A new round usually means Bloom is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Bloom raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Bloom, from your own LinkedIn network

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Company Information

Company

Bloom

Location

New York, United States

About

The AI-driven platform has garnered backing from various high-powered venture firms and angel investors, bringing Bloom one step closer to bringing generative AI to eCommerce. Founded by Aarlo Stone Fish, a Yale alumnus with 20 years of experience as a software engineer and an AI expert, and Sam Dundas, a lifelong entrepreneur and product builder, Bloom uses generative AI to improve customers' online shopping experiences and drive more sales. Bloom is this dynamic photo solution that is taking e-commerce photos into the future." Bloom is currently available on Shopify, accessible to the over two million eCommerce merchants on the platform.

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Fundz sees it the moment Bloom raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.