Bread Raises $345M in Series D

Bread has successfully raised $345M in a Series D at a $640M valuation led by Oak HC/FT, Menlo Ventures.

Company Overview

Bread is a Fintech company headquartered in New York, NY, founded in 2014 with 200+ employees.

Point-of-sale financing

Fundraising Details

Amount Raised: $345M
Round Type: Series D
Valuation: $640M
Date: 2024-03-15
Investors: Oak HC/FT, Menlo Ventures

About Bread

Point-of-sale financing The company is positioned in the Fintech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: New York, NY
Founded: 2014
Team Size: 200+
Industry: Fintech

What This Means

This funding round demonstrates strong investor confidence in Bread's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Fintech sector continues to attract significant investment as companies innovate to meet evolving market demands. Bread's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $640M valuation marks an important milestone for Bread, positioning the company among notable players in the Fintech industry.

Looking Ahead

With this new capital, Bread is well-positioned to execute on its growth strategy and continue building innovative solutions in the Fintech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-03-15. For more information about Bread, visit their headquarters at New York, NY.