About Acorn Finance
Acorn Finance is a company based in Sacramento (United States) founded in 2017.. Acorn Finance has raised $11.98 million across 3 funding rounds from investors including MassMutual Ventures, Moderne Ventures and Vestigo Ventures. Acorn Finance offers products and services including Home Improvement Financing, Contractor Financing, and Pre-Qualified Offers. Acorn Finance operates in a competitive market with competitors including NerdWallet, LendingTree, Raisin, MagnifyMoney and Bills, among others.
- Headquarter Sacramento, United States
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Headway Sales Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.98 M (USD)
in 3 rounds
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Latest Funding Round
$8.4 M (USD), Series A
Jan 11, 2022
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Investors
MassMutual Ventures
& 4 more
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Employee Count
Employee Count
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Products & Services of Acorn Finance
Acorn Finance offers a comprehensive portfolio of products and services, including Home Improvement Financing, Contractor Financing, and Pre-Qualified Offers. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for loans on home upgrades and repairs.
Tools for contractors to offer payment options to clients.
Instant checks for loans without credit score impact.
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Funding Insights of Acorn Finance
Acorn Finance has successfully raised a total of $11.98M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $8.4 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $8.4M
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First Round
First Round
(09 Jan 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Acorn Finance | Valuation | MassMutual Ventures | |
| Jun, 2021 | Amount | Seed - Acorn Finance | Valuation |
investors |
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| Jan, 2020 | Amount | Seed - Acorn Finance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Acorn Finance
Acorn Finance has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include MassMutual Ventures, Moderne Ventures and Vestigo Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Corporate-backed venture capital fund
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Founded Year | Domain | Location | |
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Early-stage investments are provided to US tech and offline companies.
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Founded Year | Domain | Location | |
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Vestigo Ventures is focused on investing in AI and FinTech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Acorn Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Acorn Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Acorn Finance Comparisons
Competitors of Acorn Finance
Acorn Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NerdWallet, LendingTree, Raisin, MagnifyMoney and Bills, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based comparison platform for financial products
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| domain | founded_year | HQ Location |
Provider of a platform for loan and other consumer financial product comparison
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| domain | founded_year | HQ Location |
Comparison platform for bank accounts
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| domain | founded_year | HQ Location |
Aggregator of financial products
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| domain | founded_year | HQ Location |
Mortgage loan marketplace and debt refinancing platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Acorn Finance
Frequently Asked Questions about Acorn Finance
When was Acorn Finance founded?
Acorn Finance was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Acorn Finance located?
Acorn Finance is headquartered in Sacramento, United States. It is registered at Sacramento, California, United States.
Is Acorn Finance a funded company?
Acorn Finance is a funded company, having raised a total of $11.98M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.58M, raised on Jan 09, 2020.
What does Acorn Finance do?
Acorn Finance was established in 2017 as a credit brokerage firm based in Sacramento, United States. Operations are centered on matching borrowers with appropriate lenders through the domain acornfinance.com. Services include arranging personal and business loans within the consumer finance sector. The firm operates primarily in the U.S. market, handling applications and negotiations to support credit access for various clients.
Who are the top competitors of Acorn Finance?
Acorn Finance's top competitors include NerdWallet, LendingTree and Raisin.
What products or services does Acorn Finance offer?
Acorn Finance offers Home Improvement Financing, Contractor Financing, and Pre-Qualified Offers.
Who are Acorn Finance's investors?
Acorn Finance has 5 investors. Key investors include MassMutual Ventures, Moderne Ventures, Vestigo Ventures, Accomplice, and MetaProp.