Backer Overview
- Year Founded
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2015
- Status
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Private
- Employees
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28
- Latest Deal Type
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Series A
- Latest Deal Amount
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$9.5M
- Investors
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21
Backer General Information
Description
Developer of an investment platform designed to guide college students to save money. The company's platform offers a simple, fast, and efficient way to create a college savings plan, provides a link for family and friends to contribute easily, and allows for tax-free investment of savings, enabling parents and families to save smartly for their children's education and future.
Contact Information
Website
www.backer.comCorporate Office
- 474 Bryant Street
- San Francisco, CA 94107
- United States
Corporate Office
- 474 Bryant Street
- San Francisco, CA 94107
- United States
Backer Timeline
Backer Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Later Stage VC (Series A) | 19-Dec-2023 | $9.5M | Completed | Generating Revenue | ||
| 5. Later Stage VC | 05-Jan-2023 | Completed | Generating Revenue | |||
| 4. Later Stage VC | 28-Apr-2021 | Completed | Generating Revenue | |||
| 3. Accelerator/Incubator | Completed | Generating Revenue | ||||
| 2. Seed Round | 05-Aug-2019 | $3.5M | $3.62M | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 30-Oct-2015 | $125K | $125K | Completed | Generating Revenue |
Backer Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed | ||||||||
| Pre-Seed |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Backer Comparisons
Industry
Financing
Details
Backer Competitors (2)
One of Backer’s 2 competitors is UNest, a Venture Capital-Backed company based in Laramie, WY.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| UNest | Venture Capital-Backed | Laramie, WY | ||||
| Sootchy | Corporation | Los Angeles, CA |
Backer Related Research & Analysis
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Backer Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Backer Investors (21)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Sequoia Capital | Venture Capital | Minority | ||
| WndrCo | Venture Capital | Minority | ||
| Angel (individual) | Minority | |||
| Angel (individual) | Minority | |||
| Angel (individual) | Minority |
Backer Acquisitions (1)
Backer’s most recent deal was a Merger/Acquisition with Saving For College. The deal was made on 18-Dec-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Saving For College | 18-Dec-2023 | Merger/Acquisition | Other Financial Services |
Backer Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Saving For College | Miami, FL | 1999 |
Backer FAQs
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When was Backer founded?
Backer was founded in 2015.
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Where is Backer headquartered?
Backer is headquartered in San Francisco, CA.
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What is the size of Backer?
Backer has 28 total employees.
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What industry is Backer in?
Backer’s primary industry is Other Financial Services.
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Is Backer a private or public company?
Backer is a Private company.
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What is Backer’s current revenue?
The current revenue for Backer is .
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How much funding has Backer raised over time?
Backer has raised $25.2M.
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Who are Backer’s investors?
Sequoia Capital, WndrCo, , , and are 5 of 21 investors who have invested in Backer.
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Who are Backer’s competitors?
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