{"id":3439,"date":"2022-10-13T11:04:27","date_gmt":"2022-10-13T16:04:27","guid":{"rendered":"https:\/\/www.northone.com\/blog\/?p=3439"},"modified":"2022-10-13T11:04:28","modified_gmt":"2022-10-13T16:04:28","slug":"northone-announces-series-b-round","status":"publish","type":"post","link":"https:\/\/www.northone.com\/blog\/northone\/northone-announces-series-b-round","title":{"rendered":"North One Announces $67 Million Series B Round"},"content":{"rendered":"\n<p><em>Investors Include Drew Brees, Next Play Capital, And More<\/em>.<\/p>\n\n\n\n<p><strong>NEW YORK \u2014 October 12, 2022 \u2014 <\/strong>North One today announced it has raised $67 million in Series B funding. With participation from new and existing investors, North One is poised to further expand the reach of its business banking and financial management platform across all sectors of the small business community.<\/p>\n\n\n\n<p><em>North One is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A., Member FDIC.<\/em><\/p>\n\n\n\n<p>Eytan Bensoussan and Justin Adler founded North One in 2016 to serve traditional businesses on main streets across America. From construction workers to barbers, mechanics to restaurant owners, these businesses make up the majority of the country\u2019s 33 million small businesses that have been deeply underserved by financial institutions for decades. This new funding will enable North One to continue raising the standard of products and services these owners should expect from their banking partners.<\/p>\n\n\n\n<p>\u201cThrough an obsessive focus on our customers\u2019 needs, we\u2019ve been able to predictably build a business banking experience that unlocks an incredibly strong product-market fit,\u201d said Eytan Bensoussan, co-founder and CEO. \u201cAs our customers grow, their problems evolve beyond the bank account. By connecting the data layer between accounting, receivables, payables, lending, payroll\u2014all the financial operations\u2014and the bank account ledger, we can provide a transformative offering that\u2019s always felt out of reach for our customers: a world-class finance department built for their business.\u201d<\/p>\n\n\n\n<p>Justin Adler, co-founder and COO, added: \u201cWe founded North One to solve big problems for small businesses. 50% of small businesses in America fail over a 5-year time horizon, and the majority of those failures are due to financial mismanagement and a lack of financial systems and controls. Our team is proud to be able to de-risk entrepreneurship and make starting and running a successful small business accessible to anyone.\u201d<\/p>\n\n\n\n<p>Despite one of the worst fundraising environments since 2008, this $67 million round proves that there remains deep conviction in the future of small businesses in America, with North One leading the charge to support them on their journey. Top investors from around the world rallied around the New York-based startup\u2019s mission and product, including Battery Ventures, Don Griffith, Drew Brees, Ferst Capital Partners, FinTLV, Next Play Capital, Operator Stack, Redpoint Ventures, Tencent, and Tom Williams, bringing North One\u2019s fundraising total to $90.3 million raised since launch.<\/p>\n\n\n\n<p>Looking ahead, North One has big plans to be the digital finance department powering every small business in America. With this funding, North One will build new working capital and credit products, as well as faster and more convenient payment solutions for busy entrepreneurs. It will also continue to expand on the dozens of integrations already offered. By connecting all the dots of the financial back office, North One can help business owners easily understand how money moves through their business and take control of their economic future.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>About North One<\/strong><\/p>\n\n\n\n<p>North One is a mobile app and web banking product delivering powerfully simple financial tools to over 320,000 small businesses across America. Founded in 2016 by Eytan Bensoussan and Justin Adler, North One\u2019s network of investors includes Battery Ventures, Don Griffith, Drew Brees, Ferst Capital Partners, FinTLV, Kaiser Permanente, Next Play Capital, Operator Stack, Redpoint Ventures, Ruby Ventures, Tencent, and Tom Williams. The company\u2019s headquarters are located in New York City with satellite offices in San Francisco, Portland, and Toronto. To learn more, visit northone.com. North One is a \ufb01nancial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A., Member FDIC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors Include Drew Brees, Next Play Capital, And More. NEW YORK \u2014 October 12, 2022 \u2014 North One today announced it has raised $67 million in Series B funding. With&#8230;<\/p>\n","protected":false},"author":20,"featured_media":3441,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[157],"tags":[],"class_list":["post-3439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-northone"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>North One Announces $67 Million Series B Round - North One<\/title>\n<meta name=\"description\" content=\"North One today announced it has raised $67 million in Series B funding from top investors including Battery Ventures and Drew Brees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.northone.com\/blog\/northone\/northone-announces-series-b-round\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"North One Announces $67 Million Series B Round - 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