What is NorthOne?
NorthOne offers a streamlined banking experience for U.S. small businesses through its intuitive app and website. Launched in 2019, the company has established a presence across the U.S., with headquarters in New York City and additional offices in San Francisco, Portland, and Toronto. By focusing on the unique needs of small business owners, NorthOne aims to remove the complexities typically associated with commercial banking, providing a powerful and accessible financial tool.
How much funding has NorthOne raised?
NorthOne has raised a total of $90M across 3 funding rounds:
Angel/Seed
$2M
Series A
$21M
Series B
$67M
Angel/Seed (2018): $2M, investors not publicly disclosed
Series A (2020): $21M led by Tom Williams, Redpoint Ventures, and Battery Ventures L.P
Series B (2022): $67M, investors not publicly disclosed
Key Investors in NorthOne
Tom Williams
Tom Williams BMW is a company that operates in the Automobile Dealers industry. It employs 50to99 people and has 25Mto50M of revenue. The company is headquartered in Irondale, Alabama.
Redpoint Ventures
Redpoint Ventures was founded in 1999 and is a venture capital firm focused on investments in early growth-stage companies.
Battery Ventures L.P
Undisclosed investor participating in the funding round.
What's next for NorthOne?
The recent major strategic investment signals a pivotal phase for NorthOne, likely enabling accelerated product development, expanded market reach, and enhanced customer support. This infusion of capital is expected to fuel the company's growth initiatives, allowing it to further solidify its position as a leading digital banking platform for small businesses. Future developments may include new feature rollouts and strategic partnerships aimed at broadening its service ecosystem and deepening its impact on the small business economy.
See full NorthOne company page
