About Percent
Percent is a company based in New York (United States) founded in 2018 by Nelson Chu. It operates as a Brokerage / Intermediation and Two-Sided Marketplace. Percent has raised $67.12 million across 8 funding rounds from investors including Coinbase, Manatt and White Star Capital. The company has 37 employees as of December 31, 2021. Percent offers products and services including Private Credit Platform, Blended Notes, Asset-Based Financing, and Corporate Loans. Percent operates in a competitive market with competitors including WealthForge, FranShares, Proteus, Gridline and Carver Edison, among others.
- Headquarter New York, United States
- Employees 37 as on 31 Dec, 2021
- Founders Nelson Chu
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Sectors
Technology
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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 Cadence Group Inc. (Dba Percent Technologies, 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
$67.12 M (USD)
in 8 rounds
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Latest Funding Round
$30 M (USD), Series B
May 17, 2023
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Investors
Coinbase
& 17 more
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Employee Count
37
as on Dec 31, 2021
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Products & Services of Percent
Percent offers a comprehensive portfolio of products and services, including Private Credit Platform, Blended Notes, Asset-Based Financing, and Corporate Loans.
Private credit investments are facilitated for accredited investors.
Diversified private credit investments are offered through notes.
Capital raising is supported through asset-backed debt deals.
Growth capital is provided via corporate loan offerings.
People of Percent
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Funding Insights of Percent
Percent has successfully raised a total of $67.12M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $30 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.
Investors in Percent
Percent has secured backing from 18 investors, including venture fund and institutional investors. Prominent investors backing the company include Coinbase, Manatt and White Star Capital.
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A global technology investment platform operating in multiple cities with a focus on venture and digital asset funds.
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Private equity firm
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Investments are made in US tech companies by Forte Ventures.
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Investor details for Percent
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Investments & Acquisitions by Percent
Investment portfolio details for Percent
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Financial Statements - Percent
Detailed financials for Percent
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Percent Comparisons
Peer comparison for Percent
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Competitors of Percent
Percent 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 WealthForge, FranShares, Proteus, Gridline and Carver Edison, among others.
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Private placements are automated to streamline capital raising for entities.
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Franchise investments are enabled via an online platform.
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Multiple real estate properties are managed by Proteus firm.
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Investments in alternative assets are enabled via an online platform.
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Employee benefits solutions are delivered via specialized platforms.
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Detailed competitors of Percent
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Latest news on Percent
Complete news archive for Percent
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Frequently Asked Questions about Percent
Percent was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Percent is headquartered in New York, United States. It is registered at New York, New York, United States.
Nelson Chu is the current CEO of Percent. They have also founded this company.
Percent is a funded company, having raised a total of $67.12M across 8 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Percent is 37.
Private credit opportunities are provided by Percent, a leading platform connecting accredited and institutional investors with corporate borrowers. Operations focus on the financial sector, specifically within capital markets and alternative investments. Solutions include a marketplace for private credit deals, such as Blended Notes, asset-based financing, and corporate loans. Investors are offered diversification through assets less correlated with public markets, with potential for high yields and shorter investment horizons. Services are tailored to meet the needs of both investors seeking passive income and borrowers requiring growth capital.
Percent's top competitors include FranShares, Carver Edison and WealthForge.
Percent offers Private Credit Platform, Blended Notes, Asset-Based Financing, and Corporate Loans.
Percent has 18 investors. Key investors include Coinbase, Manatt, White Star Capital, Susquehanna Growth Equity, and Forte Ventures.