About Live Oak Bank
Live Oak Bank is a company based in Wilmington (United States) founded in 2008 by David Lucht, Lee Williams, and Neil Underwood.. Live Oak Bank has raised $74.95 million across 3 funding rounds from investors including Dimensional Fund Advisors. Live Oak Bank has completed 1 acquisition, including National Assurance Title. Live Oak Bank offers products and services including High-Yield Savings, Certificates of Deposit, and Business Loans. Live Oak Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Wilmington, United States
- Founders David Lucht, Lee Williams, Neil Underwood
- Stage Public
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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 Live Oak Bancshares, 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
$74.95 M (USD)
in 3 rounds
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Latest Funding Round
$523 K (USD), Post-IPO
Dec 05, 2017
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Live Oak Bank
Live Oak Bank offers a comprehensive portfolio of products and services, including High-Yield Savings, Certificates of Deposit, and Business Loans. 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.
Provides high-interest savings for personal and business use.
Offers fixed-term deposits with competitive APY rates.
Delivers SBA and custom loans for business financing.
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Software Development Team
75 people
Leadership Team
64 people
Finance and Accounting
22 people
Senior Team
15 people
Portfolio Team
14 people
Loan Team
14 people
Data Analysis and Operations Team
10 people
Legal and Compliance
9 people
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Funding Insights of Live Oak Bank
Live Oak Bank has successfully raised a total of $74.95M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $523 thousand completed in December 2017. 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 Post-IPO — $523,000
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First Round
First Round
(17 Apr 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2017 | Amount | Post-IPO - Live Oak Bank | Valuation |
investors |
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| Aug, 2014 | Amount | Series C - Live Oak Bank | Valuation |
investors |
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| Apr, 2009 | Amount | Debt – Conventional - Live Oak Bank | 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 Live Oak Bank
Live Oak Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Dimensional Fund Advisors. 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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Diversified investment management services are provided to global clients.
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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 Live Oak Bank
Live Oak Bank has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include National Assurance Title. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Title insurance agency services are provided in the United States.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Live Oak Bank
| 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 |
Live Oak Bank Comparisons
Competitors of Live Oak Bank
Live Oak Bank 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 Truist, First Republic Bank, Equity Bank, Investec and UniCredit, 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 |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Live Oak Bank
Frequently Asked Questions about Live Oak Bank
When was Live Oak Bank founded?
Live Oak Bank was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Live Oak Bank located?
Live Oak Bank is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Who is the current CEO of Live Oak Bank?
Chip Mahan is the current CEO of Live Oak Bank.
Is Live Oak Bank a funded company?
Live Oak Bank is a funded company, having raised a total of $74.95M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $4.2M, raised on Apr 17, 2009.
What does Live Oak Bank do?
Live Oak Bank is a small business bank that offers small business loans and online savings and CD accounts. They have a unique approach to serving customers nationwide.
Who are the top competitors of Live Oak Bank?
What products or services does Live Oak Bank offer?
Live Oak Bank offers High-Yield Savings, Certificates of Deposit, and Business Loans.
How many acquisitions has Live Oak Bank made?
Live Oak Bank has made 1 acquisition, including National Assurance Title.
Who are Live Oak Bank's investors?
Live Oak Bank has 1 investor. Key investors include Dimensional Fund Advisors.