Casca, a San Francisco, CA-based AI-native loan origination platform, has raised $29 million in Series A funding, bringing its total funding to date to $33 million.
Investors
The round was led by Canapi Ventures, with participation from Live Oak Bank, Huntington National Bank, Bankwell Bank, Y Combinator, Peterson Ventures, Alliance Funding Group, and other returning investors.
Canapi Ventures is a Washington, D.C.-based venture capital and growth equity firm specializing in financial technology (fintech) investments. Its focus areas include financial infrastructure, lending and credit, payments, fraud and identity, and real estate technology.
Casca Use of Funds
The company will use the funding to scale operations, expand its team, and accelerate go-to-market efforts.
About Casca
Founded in 2023, Casca is an AI-native software company that provides a loan origination platform enabling financial institutions to process commercial loans significantly faster than competitors. It accelerates the loan application and origination process using responsible AI. Its customers include Live Oak Bank, Huntington National Bank, and Bankwell Bank.
Funding Details
Company: Cascading AI, Inc. (Casca)
Raised: $29.0M
Round: Series A
Funding Date: August 2025
Lead Investor: Canapi Ventures
Additional Investors: Live Oak Bank, Huntington National Bank, Bankwell Bank, Y Combinator, Peterson Ventures, Alliance Funding Group
Company Website: https://www.cascading.ai/
Software Category: AI Fintech / Loan Origination
Source: https://www.prnewswire.com/news-releases/ai-native-loan-origination-platform-casca-raises-29-million-to-replace-legacy-lending-302533000.html