Coast Raises $35 Million to Serve Trade and Service Businesses
70 pts · High·Finovate·1d ago · Oct 23, 13:38 UTC·1 min read
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Business financial management platform Coast has secured $35 million in growth equity funding, boosting its total funding to nearly $226 million. The funding round was led by Thomvest Ventures, with contributions from new investors Intuit Ventures, Small World Capital, and Alpha Square Group, alongside existing investors such as ICONIQ.
Key takeaways
- ▸Coast's funding round raised $35 million in new equity.
- ▸Total funding for Coast now approaches $226 million.
- ▸New investors include Intuit Ventures and Small World Capital in addition to existing investors.
Why this matters
The fresh funding signals investor confidence in Coast’s ability to address the financial management needs of trade and service businesses in a competitive landscape. This investment will enhance Coast’s capabilities, potentially giving it a competitive edge against other financial management platforms targeting similar markets.
Entities
Companies: Coast, Thomvest Ventures, Intuit Ventures, Small World Capital, Alpha Square Group, ICONIQ
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