Fruitful springs out of stealth with $43M on a mission to make expert financial guidance more accessible to Americans
NEW YORK, June 8, 2022 /PRNewswire-PRWeb/ -- Fruitful, the world's first financial wellness membership, today announced $43 million in pre-launch capital anchored by an $8 million seed round led by Emigrant Bank, one of America's largest privately held banks, and a $25 million Series A round led by 8VC with participation from Lux Capital, Founders Fund, and Elad Gil, along with the founders of Brex, Gemini and Tagomi. Notable investors also include Kal Vepuri (Founder and CEO of Hero Health), Diogo Monica (Co-Founder of Anchorage), Andrew Rubin (Co-Founder and CEO of Illumio), Company Ventures, Third Prime, and Bienville Capital. An additional $10 million in funds were generated through a convertible note and domain sale. The capital is being used to fuel the company's development of its proprietary financial wellness platform, scale its team, and drive member adoption.
- The capital is being used to fuel the company's development of its proprietary financial wellness platform, scale its team, and drive member adoption.
- Designed to address these troubling dynamics, Fruitful's new membership model is making expert financial guidance more accessible to Americans.
- Our financial guidance offering is only the beginning of our journey to crafting a transformative financial wellness platform."
- About Fruitful: Fruitful is the world's first financial wellness membership.