About Venture Bank
Venture Bank is a company based in Bloomington (United States) founded in 2001 by Daniel Boeckermann and Gwen Stanley was acquired by Choice Financial in February 2018.. Venture Bank offers products and services including Online Banking, Insurance Services, and Wealth Management. Venture Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Bloomington, United States
- Founders Daniel Boeckermann, Gwen Stanley
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Choice Financial Group
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$8.11 M (USD), Debt – Conventional
Jun 19, 2015
- Investors
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Employee Count
Employee Count
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Acquired by
Choice Financial
(Feb 19, 2018)
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Products & Services of Venture Bank
Venture Bank offers a comprehensive portfolio of products and services, including Online Banking, Insurance Services, and Wealth Management. 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 managing accounts and transactions securely online
Offers various insurance products for risk protection
Provides tools for retirement planning and asset growth
Funding Insights of Venture Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $8.1M
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First Round
First Round
(19 Jun 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Debt – Conventional - Venture 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 Venture Bank
Venture Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Choice Financial. 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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Commercial bank
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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 Venture Bank
| 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 - Venture 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 |
Venture Bank Comparisons
Competitors of Venture Bank
Venture 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 |
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| 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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Frequently Asked Questions about Venture Bank
When was Venture Bank founded?
Venture Bank was founded in 2001 and raised its 1st funding round 14 years after it was founded.
Where is Venture Bank located?
Venture Bank is headquartered in Bloomington, United States. It is registered at Bloomington, Indiana, United States.
What does Venture Bank do?
Venture Bank was founded in 2001 and is headquartered in Bloomington, United States. As a commercial bank, deposit accounts, loans, and related financial services are provided primarily to business clients. Operations are supported through an online platform accessible via venturebankonline.com. The company is led by co-founder and chairman Daniel Boeckermann, as well as founder and executive vice president Gwen Stanley. Focus remains on regional commercial banking activities.
Who are the top competitors of Venture Bank?
What products or services does Venture Bank offer?
Venture Bank offers Online Banking, Insurance Services, and Wealth Management.
Who are Venture Bank's investors?
Venture Bank has 1 investor. Key investors include Choice Financial.
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