• Instant Financial

  Participated · Series A · Apr 2018

  Instant Financial is an Atlanta, GA–based fintech that provides earned wage access solutions allowing U.S. workers to access their daily wages immediately after their shift. The company’s platform is designed to help employers improve retention and reduce absenteeism while enabling employees to bridge the gap between work day and payday. Led by CEO Tal Clark, Instant Financial serves a diverse client portfolio that includes Randstad, Bloomin’ Brands, Ultra Steak, Road Runner Sports and others. The company raised an undisclosed funding round and plans to use the proceeds to accelerate growth initiatives. Specific uses of funds include substantial investments in product development, enhancements to client support services, and strategic sales and marketing efforts. No operating metrics or prior financing details were disclosed in the article. Instant Financial is a Vancouver, B.C.-based financial wellness platform that enables employees to claim a portion of their earned pay after every shift without any fees. The core product provides on-demand access to earned wages for hourly workers, integrated through employers. It serves employers across hospitality, retail, manufacturing, construction and healthcare and counts Bloomin' Brands and franchisees of Outback Steakhouse, McDonald's, Burger King, Taco Bell and Wendy's among its customers. More than 275,000 hourly wage employees currently have daily access to their pay through the platform. The company closed an $11.4M Series A, bringing total funding to $15.4M to date. Instant Financial intends to use the proceeds to accelerate customer acquisition, support product innovation and increase penetration among the 80+ million hourly workers in North America. Instant Financial provides a mobile app that lets employees unlock unpaid wages on a daily basis. The app is designed to give workers immediate access to earned pay while enabling employers to realize direct savings and increase employee retention. The company launched its app and intends to use newly raised funds to continue expanding operations. Instant Financial raised $1.2M in seed funding led by Real Ventures with participation from angel investors. Founded in 2015 by CEO Steve Barha, CTO Kevin Falk and CRO Ryan Volberg, the company is based in Vancouver and Montreal, Canada. Its model targets hourly workers and employers seeking on-demand wage access and cost-saving/retention benefits.

• Tower Cloud

  Participated · Equity · Jun 2012

  Tower Cloud provides wireless carriers with fiber optic and wireless backhaul networks, leveraging pure Ethernet broadband technologies. The company operates a fiber-focused network to backhaul voice, video and data from cell sites. Founded in 2006 and based in St. Petersburg, Florida, it currently operates backhaul networks in major markets throughout Georgia, Florida, Alabama and South Carolina. It is building additional networks to support national and regional wireless carriers. On June 26, 2012, Tower Cloud closed a $17M equity funding round led by the Florida Opportunity Fund with participation from multiple existing investors. The company intends to use the capital to continue to expand throughout Florida, Georgia, South Carolina, and Alabama. Tower Cloud operates a fiber-focused network that backhauls voice, video and data from cell sites for wireless carriers using pure Ethernet broadband technologies. The company secured $49M in additional equity to fund growth. The capital will be used to expand into new markets across Florida, Georgia, South Carolina and Alabama. The round was led by current investors the Burton Partnership and Knology with participation from multiple institutional backers. Tower Cloud was founded in 2006 and is led by Chairman, CEO and President Ron Mudry and CTO Tom Guard. The financing strengthens the company’s balance sheet to support regional network expansion. Tower Cloud provides backhaul services to wireless carriers, operating networks in the greater Orlando and Miami markets. The company is in the process of constructing a new network in Atlanta. It closed a $20M equity financing to support its expansion plans. The funds will be used to fund expansion into Atlanta and to pursue other growth opportunities. Tower Cloud was founded in 2006 and is headquartered in St. Petersburg, FL.

No current team members are available.