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Sila Secures $13 Million In Series A Funding Led By Revolution Ventures

PRIVATEJul 26, 2021

Amount Raised

$13 Million

Round Type

Series A

Portland

Description

Sila, an API platform that provides payment infrastructure as a service while ensuring regulatory compliance, announced today $13M in Series A funding led by Revolution Ventures, bringing total funding to over $20M. Existing investors, Madrona Venture Group, Oregon Venture Fund, and Mucker Capital, and angels including Taavet Hinrikus, Co-founder and Chairman of Wise, also participated in the round.

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Company Information

Company

Sila

Location

Portland, Oregon, United States

About

Sila is a banking and payment platform for software teams building the next generation of financial products & services in regulated and unregulated industries. The Sila Money API platform enables white-label ACH, Wires, Stablecoin payment processing, money transfer, digital wallets, bank account linking, and ID verification of business (KYB) and individuals (KYC). We power any web, desktop, or mobile application with built-in compliance. Sila was co-founded in 2018 by a diverse team of fintech, legal, and financial experts. For more information visit silamoney.com and connect with us on YouTube, Twitter, and LinkedIn.

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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

Sila 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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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.