About Backer
Backer is a company based in San Francisco (United States) founded in 2015. Backer has raised $18.03 million across 3 funding rounds from investors including WndrCo, Crosslink Capital and Rally Ventures. The company has 11 employees as of December 31, 2022. Backer has completed 1 acquisition, including Saving for College. Backer offers products and services including Backer App and 529 Plan Service. Backer operates in a competitive market with competitors including SavvyFi, Quatromoney, Hadley, U-Nest and My Dobot, among others.
- Headquarter San Francisco, United States
- Employees 11 as on 31 Dec, 2022
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Sectors
Financial ServicesTechnology
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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 Backer Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$18.03 M (USD)
in 3 rounds
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Latest Funding Round
$9.5 M (USD), Series A
Dec 19, 2023
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Investors
WndrCo
& 10 more
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Employee Count
11
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Backer
Backer offers a comprehensive portfolio of products and services, including Backer App and 529 Plan Service.
Mobile app for managing 529 plans and contributions
Service for opening and automating education savings accounts
People of Backer
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Funding Insights of Backer
Backer has successfully raised a total of $18.03M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $9.5 million completed in December 2023. 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.
Investors in Backer
Backer has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include WndrCo, Crosslink Capital and Rally Ventures.
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Venture capital is invested in various sectors by Crosslink Capital.
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Early-stage VC firm investing in the US
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Venture capital firm focused on aerospace, biopharma, consumer, and multiple sectors
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Investor details for Backer
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Investments & Acquisitions by Backer
Backer has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Saving for College.
Investment portfolio details for Backer
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Information portal for on 529 plans and college savings
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Complete acquisition details for Backer
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - Backer
Detailed financials for Backer
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Backer Comparisons
Peer comparison for Backer
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Competitors of Backer
Backer 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 SavvyFi, Quatromoney, Hadley, U-Nest and My Dobot, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Goal-based savings plans for children's college education are provided.
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A savings platform is offered for children's education funding.
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Goal-based educational savings are enabled for individuals via mobile platforms.
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Serves as a platform for saving and managing education expenses.
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Micro-savings are automated through analysis of income and spending habits.
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Detailed competitors of Backer
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Latest news on Backer
Complete news archive for Backer
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Frequently Asked Questions about Backer
Backer was founded in 2015.
Backer is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Backer is a funded company, having raised a total of $18.03M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Backer is 11.
Backer was founded in 2015 in San Francisco, United States, and operates in the fintech sector focused on education savings. An online platform is offered for opening and managing 529 plans, with personalized advice provided to optimize contributions and investments. Users are enabled to invite family and friends for additional funding, while cashback rewards are earned through partnerships with retail brands for college-related expenses.
Backer's top competitors include SavvyFi, Quatromoney and My Dobot.
Backer offers Backer App and 529 Plan Service.
Backer has made 1 acquisition, including Saving for College.
Backer has 11 investors. Key investors include WndrCo, Crosslink Capital, Rally Ventures, Correlation Ventures, and Expansion Venture Capital.