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Live Oak Bank

1757 Tiburon Drive, Wilmington, NC, 28403, United States

Overview

Live Oak Bank is a financial service company that offers banking services and products for small and medium businesses. They provide FDIC-insured banking products to help, buy, build, and expand the business, as well as high-yield savings and CD products to help grow the money. The company's goal is to provide an experience that is distinct from what they might expect from a bank — its customers remain at the heart of everything they do at Live Oak.

Total investments
8
Lead investments
3
Investments · 12mo
1
Active investors
8

Sector focus

  • Banking
  • Credit
  • Financial Services
  • Lending
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Investment portfolio

  • Confido

    Participated · Equity · Mar 2026

    Confido offers an API-based platform that lets law firms and legal technology providers accept card and ACH payments, route funds between trust and operating accounts, perform intra-firm transfers, and issue real-time digital disbursements while automatically maintaining compliance with bar and IOLTA rules. Designed around the legal sector’s strict trust accounting requirements, the system replaces manual reconciliation and paper-based processes with automated, compliant money movement. The product is delivered through a single GraphQL API and one underwriting process that LegalTech vendors can embed directly into their own software. Confido currently powers payments and financial workflows for numerous LegalTech platforms and supports more than 1,500 law firms across the United States and Canada. The global legal industry moves more than $1 trillion annually, and Confido aims to consolidate its fragmented financial workflows under one compliant platform. With the new funding, the company plans to bolster its payments and disbursement infrastructure and roll out additional embedded financial products for its partners and law-firm customers.

  • Cascading AI

    Participated · Series A · Aug 2025

    Casca is an AI-native loan origination platform that accelerates the loan application and origination process using responsible AI. Its platform automates commercial loans and claims to fund loans up to 10× faster than other fintechs and 30× faster than industry averages. Flagship customers include Live Oak Bank, Huntington National Bank, and Bankwell Bank, and several of those customers invested in the round. Casca will use the funding to scale operations, expand its team, and accelerate go-to-market to make the platform accessible to additional financial institutions. The company was founded in 2023 by banking IT experts and Stanford AI researchers and is based in San Francisco. To date Casca has raised $33 million. Cascading AI is a fintech software company that builds AI-native solutions to help banks automate manual processes in legacy systems. Its flagship product, Casca, is described as the first AI-native Loan Origination System and streamlines tasks like document collection, account setup, and compliance for commercial loan origination. The company uses artificial intelligence to reduce manual effort for banks, credit unions, and non-bank lenders. Founded in 2023 and based in San Francisco, Cascading AI plans to expand its team of AI and machine learning engineers. The startup will use funding to accelerate Casca's development, enhance AI capabilities and compliance features, and onboard a select group of new banks to scale operations. Cascading AI raised $3.9M in a February 2024 pre-seed round to support these initiatives.

  • On.Energy

    Led · Debt Financing · Dec 2023

    On.Energy is a fully integrated energy storage solutions provider and independent power producer that designs, finances, builds and operates battery energy storage projects. Leveraging its proprietary On.Command AI energy management platform, the company delivers turnkey systems that support peak shaving, energy arbitrage, frequency regulation, backup power and microgrid operations for utilities and commercial-industrial customers. The firm currently owns and operates 80 MWh of storage assets in Houston and has structured project-finance credit solutions for more than 240 MWh within the past 12 months. Its forward pipeline exceeds 2 GWh of storage scheduled for activation by 2028 across California, Texas and Mexico. On.Energy’s integration revenues doubled from 2023 to 2024, underscoring rapid commercial growth. The business runs from headquarters in Miami with additional offices in Texas, California, Mexico, Peru and Chile.

  • Cycle Labs

    Participated · Series B · Mar 2023

    Cycle Labs builds the Cycle® Continuous Test Automation Platform, a purpose-built solution that automates testing across intertwined software stacks and physical supply-chain processes. The platform is designed for manufacturers, 3PLs, distributors, and retailers that need to adopt new technologies quickly while minimizing operational risk. By replacing slow, manual testing with automated workflows, Cycle Labs helps customers implement system updates and operational changes with greater speed and confidence. The company positions itself as the only vendor focused specifically on supply-chain test automation. With fresh capital, management plans to accelerate product and AI innovation, broaden global reach, and deepen strategic partnerships. Although no revenue or user metrics were disclosed, the new funding underscores continued investor confidence in the firm's growth trajectory.

  • Apiture

    Led · Equity · Jul 2022

    Apiture delivers API-first digital banking solutions that serve more than 300 banks and credit unions across the United States. Its platform supports institutions’ needs from leveling the playing field with larger banks to enabling growth through data intelligence and embedded banking strategies. The company plans to use recent funding to accelerate product development initiatives and to expand sales and marketing to meet demand for the Apiture Digital Banking Platform. Apiture is led by CEO Chris Babcock and maintains offices in Wilmington, North Carolina and Austin, Texas. Financially, the company completed a new funding round that brought its total raised to $79M. Apiture provides digital banking solutions to banks and credit unions across the United States. Its platform offers flexible, highly configurable products designed to help a range of financial institutions, from leveling the playing field with larger banks to enabling digital-only brands. Apiture emphasizes an API-first strategy that allows clients to maximize platform capabilities while preserving a seamless user experience. The company is based in Wilmington, N.C., and has been operational since 2017. Apiture has raised $69 million in total funding to date, including a recently closed $29 million financing round. Its solutions are described as award-winning and are targeted at enabling banks and credit unions to deliver competitive digital experiences. Apiture provides two digital experience platforms, Apiture Xpress and Apiture Open, that can be used by financial institutions of any size. Its products currently serve over 400 financial institutions within the United States market. The company is led by CEO Chris Babcock and is based in Wilmington, North Carolina, with an additional office in Austin, Texas. In January 2021 Apiture raised $10M in funding from Bankers Healthcare Group. The company said it intends to use the funds to accelerate key features on its 2021 product roadmap. The funding is positioned to support continued product development efforts. Apiture is a digital banking experience company headquartered in Wilmington, N.C., with a secondary office in Austin, Texas. Led by CEO Chris Babcock, the company offers digital banking products Xpress and Open. Its platforms serve over 400 financial institutions within the United States. The company aims to accelerate development of its digital banking technologies. Apiture recently closed a $20M funding round. The investment is intended to support product development and growth of its digital banking offerings.

Team

  • Chip Mahan

    Chairman & CEO /Founder

    LinkedIn
  • Mike Montgomery

    Senior Vice President

    LinkedIn
  • David Lucht

    Chief Risk Officer

    LinkedIn
  • Michael Park

    Vice President - Energy & Infrastructure

    LinkedIn