Greenboard, an Austin, Texas-based compliance and operations software company for financial services, has raised $4.5 million in seed funding.
Investors
Base 10 Partners led the round, with participation from Y Combinator, General Catalyst, Wayfinder Ventures, Liquid2 Ventures, Twenty Two Ventures, Rogue Capital, Transpose Platform, and others.
Base10 is a San Francisco-based venture capital fund investing in founders who believe purpose is key to profits and companies that are automating sectors of the Real Economy, including transportation, retail, logistics, and construction.
Greenboard Use of Funds
The funding will enable Greenboard to enhance its capabilities and expand its offerings. Specifically, the company aims to further develop its AI-powered platform to streamline compliance programs and back-office operations for financial institutions.
About Greenboard
Founded in June 2023 by Dave Feldman and Ed Schembor, Greenboard provides financial institutions with an AI-native compliance operating system. The platform allows firms to replace outdated software with advanced solutions for compliance management, including use cases such as Know Your Employee (KYE) and Communications Archiving. Greenboard's goal is to expand upon past advances in financial recordkeeping by automating the preliminary analysis of information required to drive back-office and compliance processes.
Funding Details
Company: Greenboard, Inc.
Raised: $4.5M
Round: Seed Round
Funding Month: May 2024
Investors: Base 10 Partners
Additional Investors: Y Combinator, General Catalyst, Wayfinder Ventures, Liquid2 Ventures, Twenty Two Ventures, Rogue Capital, Transpose Platform
Company Website: https://www.greenboard.com/
Software Category: Financial
Source: https://www.prnewswire.com/news-releases/greenboard-announces-4-5m-seed-round-from-base10-partners-to-be-rippling-for-financial-compliance-and-operations-302140085.html