With Debit Cards And Investing For Kids, Fintech Startup Greenlight Doubles Valuation To $2.3 Billion
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Venture capital’s wild fintech party is now inviting minors, too.
Greenlight, a startup that offers debit cards and investing for kids, has raised a $260 million Series D at a valuation of $2.3 billion, nearly doubling the unicorn valuation it received in a $215 million fundraise just last September. Andreessen Horowitz led the latest round, which closed last week, joining investors including TTV Capital and Canapi Ventures (which co-led Greenlight’s Series C), Wells Fargo Strategic Capital, Fin VC, Owl Ventures and Liontree Partners.
CEO Tim Sheehan says the money will go to accelerating marketing to parents and to hiring 300 more employees to build out new features for the app, which tripled revenue and customers last year. “It’s been a whirlwind. I m kind of blown away by it all, to be honest,” says Sheehan, 51. “It feels like 10 years, but it
Kids-focused fintech Greenlight raises $260M in a16z-led Series D, nearly doubles valuation to $2.3B
Greenlight, the fintech company that pitches parents on kid-friendly bank accounts, has raised $260 million in a Series D funding round that nearly doubles its valuation to $2.3 billion.
The funding comes just months after the Atlanta-based startup landed $215 million in funding at a $1.2 billion valuation. With the latest round, Greenlight has now raised over $550 million.
Andreessen Horowitz (a16z) led its Series D, which also included participation from return backers TTV Capital, Canapi Ventures, Wells Fargo Strategic Capital, BOND, Fin VC, Goodwater Capital, as well as new investors Wellington Management, Owl Ventures and LionTree Partners.
New debit card for kids allows parents to give spending a green light
Count Tim Sheehan among the many entrepreneurs who took a personal experience and combined it with business acumen to create an exciting new product certain to attract parents across the country.
Mr. Sheehan is the cofounder and CEO of Greenlight, a debit card for kids that parents can manage from their phones via a set of controls. Available to United States residents, Greenlight can be used by them all over the world.
First the personal experience. Mr. Sheehan has four children, and whether it be providing funds for an overseas school trip or giving them some pocket money for an after school snack, it was a challenge as he did not always carry money with him.
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Amy Berry will lead the department while the city seeks a replacement for Tim Sheehan.
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Contributed / South Portland Police Department
South Portland Deputy Police Chief Amy Berry has been sworn in as the city’s interim police chief, city officials said in a statement.
Berry, who has served as deputy chief since 2001, was promoted to the top post April 14.
Berry has been with the department since 1977. She has a Master of Science in Business degree from Husson University and graduated from the FBI National Academy. She has also served as a member and past chairperson of the board of trustees for the Maine Criminal Justice Academy.