Percent Raises $12.5 Million to Accelerate Growth

To further Percent’s mission of creating a vibrant ecosystem for private capital markets, we’re excited to announce our raise of $12.5 Million in Series A funding in a round co-led by White Star Capital and B Capital. Existing investors Revel Partners, Recharge Capital, and Fantail Ventures also participated in the heavily oversubscribed round.

We are also pleased to welcome White Star’s General Partner Sep Alavi as a Board Director and B Capital’s General Partner Karen Page as a Board Observer. Sep and Karen join Thomas Falk (General Partner at Revel Partners), Oliver Wriedt (former Co-CEO of CIFC), Navtej S. Nandra (former President of E*Trade), and Nelson Chu (Percent Founder and CEO) on the Board of Directors.

This round bolsters an already institutionally-oriented investor base, which includes Morgan Creek Digital, Nimble Ventures, Altai Ventures, 10X Capital, and Richard “Dick” D. Parsons, former chairman of Citi (investing through R&R Venture Partners). Oliver Wriedt, former Co-CEO of CIFC, and Navtej S. Nandra, former President of E*Trade, both of whom participated in prior fundraising rounds, also serve on the company’s Board of Directors. 

By securing this new round of financing, we are empowered to grow the Percent team and accelerate the development of the infrastructure powering our platforms. All of this will ultimately lead to our ability to convert our pipeline of over 250 data-driven originators and $2 Billion in pending transaction volume. This growth coincides with the rapid market expansion of private credit, which Preqin projects will increase by 11.4% annually from $848 billion at the end of 2020 to $1.46 trillion at the end of 2025.

Since our launch in 2018, thousands of accredited investors and institutions have invested with Percent. In our short time as a company, we’ve seen over $280 Million invested on the Percent platform across over 200 deals, with nearly $6 Million in interest disbursed. Our objective remains unchanged as we are dedicated to scaling deal availability, onboarding more originators, continuing to add new features that enhance your investment experience. We’re excited to be able to share more about all of this with you soon, and we thank you for helping us make Percent one of the leading private investing platforms in the industry.

-Nelson Chu, Founder & CEO of Percent

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Nelson Chu
Founder & CEO
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