About Onramp Funds
Onramp Funds is a company based in Austin (United States) founded in 2019 by Eric Youngstrom.. Onramp Funds has raised $66.31 million across 4 funding rounds from investors including Luther King Capital Management. Onramp Funds offers products and services including Revenue-Based Financing and Funding Calculator. Onramp Funds operates in a competitive market with competitors including 8fig and Tienda Pago, among others.
- Headquarter Austin, United States
- Founders Eric Youngstrom
-
Sectors
RetailFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Onramp Funds, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$66.31 M (USD)
in 4 rounds
-
Latest Funding Round
$13 M (USD), Series C
May 24, 2023
- Investors
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Onramp Funds
Onramp Funds offers a comprehensive portfolio of products and services, including Revenue-Based Financing and Funding Calculator. 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 funding based on sales for eCommerce growth
Estimates funding amounts for business revenue needs
Unlock access to complete
Funding Insights of Onramp Funds
Onramp Funds has successfully raised a total of $66.31M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $13 million completed in May 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $13.0M
-
First Round
First Round
(18 Mar 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series C - Onramp Funds | Valuation |
investors |
|
| May, 2022 | Amount | Series C - Onramp Funds | Valuation | LKCM |
|
| May, 2022 | Amount | Debt – Conventional - Onramp Funds | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Onramp Funds
Onramp Funds has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Luther King Capital Management. 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 |
|---|---|---|---|---|
|
Investment management services are provided by Luther King Capital Management.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Onramp Funds
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Onramp Funds
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Onramp Funds Comparisons
Competitors of Onramp Funds
Onramp Funds 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 8fig and Tienda Pago, 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 |
Provider of funding solutions for e-commerce businesses
|
|
| domain | founded_year | HQ Location |
Provider of a platform offering working capital for small stores
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Onramp Funds
Frequently Asked Questions about Onramp Funds
When was Onramp Funds founded?
Onramp Funds was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Onramp Funds located?
Onramp Funds is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Onramp Funds?
Eric Youngstrom is the current CEO of Onramp Funds. They have also founded this company.
Is Onramp Funds a funded company?
Onramp Funds is a funded company, having raised a total of $66.31M across 4 funding rounds to date. The company's 1st funding round was a Series C of $42M, raised on Mar 18, 2022.
What does Onramp Funds do?
Onramp Funds was founded in 2019 in Austin, United States, as an online lending platform focused on the fintech sector. Accounts are created by businesses to apply for working capital loans, which connect applicants to multiple lending partners for inventory funding. Repayment schedules are initiated once inventory products are sold to customers, supporting e-commerce operations across the region.
Who are the top competitors of Onramp Funds?
Onramp Funds's top competitors include 8fig and Tienda Pago.
What products or services does Onramp Funds offer?
Onramp Funds offers Revenue-Based Financing and Funding Calculator.
Who are Onramp Funds's investors?
Onramp Funds has 1 investor. Key investors include Luther King Capital Management.