x
FINANCE: solamente Funds is designed to attract talent, raise $15M
DTLA Digs: Holoway at solamente Funds’ short-term WeWork room downtown. Picture by Ringo Chiu.
Solamente Funds Inc., a mobile trade that lines up amounts of cash under $1,000 for American borrowers short on cash, has relocated the company’s headquarters to downtown, and it is attracting larger backers because it gets prepared to raise $15 million in a 2nd investment round.
The business, previously situated in Cincinnati, relocated into a WeWork Cos. Inc. workplace for technologies startups, a short-term workplace solution since it looks for a permanent place, possibly in Culver town, based on solamente co-founder Travis Holoway. The move ended up being stated by him is centered on attracting skill to your team.
Holoway’s partner into the business, Rodney Williams, stated solamente raised $3 million in seed capital within the year that is past. A Series The round are prepared for with a $15 million target, the founders said in interviews june.
SoLo’s biggest investor thus far was Liberian-American beauty mogul Richelieu Dennis, whom offered their Sundial Brands cosmetics business to Unilever in 2017. Continuar leyendo «Microlender Sets Up in Los Angeles»