Advance Overview
- Year Founded
-
2024
- Status
-
Private
- Employees
-
9
- Latest Deal Type
-
Seed
- Latest Deal Amount
-
$11.5M
- Investors
-
9
Advance General Information
Description
Developer of a financial technology platform designed to modernize banking operations for insurance businesses. The company offers automated payment workflows, integrated checkout, real-time reporting, and compliance-focused account management, enabling insurance agencies and carriers improved cash control and additional revenue from everyday transactions.
Contact Information
Website
www.advancehq.comCorporate Office
- 24th 5th Avenue
- Suite 1811
- New York, NY 10001
- United States
Corporate Office
- 24th 5th Avenue
- Suite 1811
- New York, NY 10001
- United States
Advance Timeline
Advance Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Seed Round | 06-Jul-2026 | $11.5M | Completed | Generating Revenue | ||
| 3. Accelerator/Incubator | 20-Oct-2025 | Completed | Generating Revenue | |||
| 2. Seed Round | 01-Jul-2024 | $2.3M | $2.3M | Completed | Generating Revenue | |
| 1. Accelerator/Incubator | 01-Jan-2024 | Completed | Generating Revenue |
Advance Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed Plus | ||||||||
| Seed-1 | ||||||||
| Seed-2 | 4,600,000 | $0.000010 | $0.5 | $0.5 | 1x | $0.5 | 17.76% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Advance Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Advance Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Advance Investors (9)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | Minority | |||
| Harel Insurance Investments & Financial Services | Asset Manager | Minority | ||
| nvp capital | Venture Capital | Minority | ||
| Company Ventures | Venture Capital | Minority | ||
| Crystal Venture Partners | Venture Capital | Minority |
Advance FAQs
-
When was Advance founded?
Advance was founded in 2024.
-
Where is Advance headquartered?
Advance is headquartered in New York, NY.
-
What is the size of Advance?
Advance has 9 total employees.
-
What industry is Advance in?
Advance’s primary industry is Financial Software.
-
Is Advance a private or public company?
Advance is a Private company.
-
What is the current valuation of Advance?
The current valuation of Advance is .
-
What is Advance’s current revenue?
The current revenue for Advance is .
-
How much funding has Advance raised over time?
Advance has raised $13.8M.
-
Who are Advance’s investors?
, Harel Insurance Investments & Financial Services, nvp capital, Company Ventures, and Crystal Venture Partners are 5 of 9 investors who have invested in Advance.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read more -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process
