SteelBridge Laboratories
2818 Smallman Street, Pittsburgh, PA, 15222, United States
Overview
SteelBridge Laboratories is an early-stage FinTech investment firm that equips pre- or early-revenue firms with capital, technology, and leadership.The Lab offers seed capital, financial technology expertise, and a proven methodology for taking FinTech innovation from infancy into established financial services firms. As an incubator, SteelBridge Laboratories provides more than capital, including: services that focus on idea review and market positioning, legal agreements and registrations, regulatory challenges, telecommunication and internet, hardware, marketing and fundraising material, human capital, operations and insurance support, financial accounting and tax, payroll and expense management, product development and management, relationship management, and more. SteelBridge Laboratories has offices in Pittsburgh, Pennsylvania and Miami, Florida.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Finance
- Incubators
Investment portfolio
- Ant Money
Participated · Series A · Dec 2021
Ant Money was founded in March 2020 by serial fintech founders Walter Cruttenden and Mike Gleason; Gleason serves as CEO. The company operates a platform built around three apps — ATM, Blast and Learn & Earn — that let users earn micro-income, learn about investing, and open investment accounts via SEC-licensed advisors and embedded finance tools. ATM lets users earn what Ant Money says can amount to $100–$1,000 or more per year based on engagement; the platform routes rewards and advertising income into investment accounts and offers a hybrid portfolio model (ETFs plus up to 50% allocation to curated individual stocks). Prior to merging with Blast, Ant Money’s apps had acquired more than 500,000 users in the past 12 months, of whom about 100,000 held investment accounts; the company aims for 1 million investment accounts and over 3 million users by the end of next year. The startup employs about 55 people and plans to use new capital to grow headcount and continue customer acquisition. Its revenue mix combines adtech, monthly subscription fees for educational content, and corporate or nonprofit-sponsored content and courses.
- Givsum
Led · Seed · Nov 2021
Givsum provides a comprehensive management and engagement platform that integrates operations, fundraising campaigns and a community of supporters in one place. The platform allows users to create fundraising pages, sell event tickets, accept donations, manage volunteers and track donor behavior. Givsum has onboarded over 500 nonprofits and service clubs across the United States. The company is launching a new online auctions feature to expand its fundraising capabilities. It intends to use newly raised funds to accelerate growth and roll out the auctions feature. The product is positioned to centralize nonprofit operations and supporter engagement on a single online platform.