Series C

Announcing our Series C

We are thrilled to announce that we have completed a $50 million Series C investment round. Sequoia, who previously led our Series A, is leading this round with participation from existing investors Lightspeed and Founders Fund, and we are welcoming new investor Khosla Ventures. This brings our valuation to over $400M, and we are particularly excited to continue to work with all of our existing investors as they double down on their commitment to Found’s growth and potential.

The nature of employment is shifting. Self-employment has hit a new all-time high: A record 64 million Americans, or 38% of the U.S. workforce, are self-employed - an increase of 4 million from 2022 1. We built Found because we believe these individuals deserve a better toolset to run their businesses. This latest round of funding enables us to accelerate our work and to deliver an all-in-one banking, bookkeeping, and taxes solution.

To our customers and investors: We’re proud to partner with you.

With gratitude,
Lauren, Connor, and the Found team

1. Freelance Forward 2023 Report, Upwork →

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Found has partnered with some of our industry’s leading investors.

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Found is a financial technology company, not a bank. Banking services are provided by Lead Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. FDIC insurance only covers the failure of an FDIC-insured depository institution.

²The Found Mastercard Business debit card is issued by Lead Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.

⁴Optional subscriptions to Found Plus for $19.99/month or $149.99/year or Found Pro for $80/month or $720/year. There are no monthly account maintenance fees, but other fees such as transactional fees for wires, instant transfers, and ATM apply. Read Found Fee Schedule.

The information on this website is not intended to provide, and should not be relied on for, tax or legal advice.

Found partners with various providers to enable you to compare offers from participating institutions, such as lending, filing service, and insurance providers. Found is not a lender, a filing service, nor an insurance provider.

This website contains advertisement of Found and third party products and services.

According to Nerdwallet, Found is the best banking option for self-employed business owners. (Source)