Canary Raises $2.85M & Unveils Report Revealing 58% Of Emergency Relief Grantees, Including High-Income, Are Financially Vulnerable

Jan 17, 2023•almost 3 years ago

Amount Raised

$2.85 Million

Round Type

seed

New YorkFinancial Services

Investors

Capital One Ventures

Description

Canary, an emergency relief fund solution that makes it easy for employers to raise and distribute tax-advantaged payments for workers experiencing financial hardships, today announced a total raise of $2.85 million with participation from Capital One Ventures and other current investors. In addition to the new funding, Canary released its Annual Impact Report: How Emergency Relief Funds Support a Modern, Diverse Workforce.

Company Information

Company

Canary

Location

New York, United States

About

Canary's technology and services enable our clients (including employers, nonprofits, and others) to give individuals money at pivotal moments in their lives, with dignity and efficiency. We connect the latest technology and payments innovations to the innate and enduring human desire to help each other. We believe that the right money at the right time matters: it gives people the peace of mind and confidence to recover from emergencies and to invest in their futures. You can learn more at www.workwithcanary.com or follow LinkedIn and Twitter.

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Funding Insights

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VC-backed spending patterns