Chicago-Based Amount Hits Billion-Dollar Valuation With Series D Round
New York – June 1, 2021 – Cooley advised Amount, a technology provider for financial institutions, on its nearly $100 million Series D financing round, which brings its valuation to $1 billion. Lawyers Jim Fulton, Eric Dixon and Eddie Sniezek led the Cooley team advising Amount.
The round was led by WestCap, Hanaco Ventures, Goldman Sachs, Invus Opportunities and Barclays Principal Investments. Amount will use the new capital to accelerate hiring in its product, technology and sales groups while pursuing accretive merger and acquisition opportunities to add new products and features to its platform.
“The additional capital clearly demonstrates the value our investors see in Amount’s ability to accelerate digital transformation in the banking and ecommerce industries through our robust retail banking suite and buy now, pay later platforms,” Adam Hughes, CEO of Amount, said in a news release. “We’re thrilled with the confidence that blue chip investors continue to have in our momentum and are excited to join the other Chicago tech unicorns who are helping make our city a hub for technological innovation and progress.”
Amount delivers the technology that financial institutions need to create and enhance the digital consumer experience. Bank partners can optimize performance across product categories by tapping into various service offerings, including customer acquisition, funnel and performance assessments and risk analytics. The company’s clients include financial institutions collectively managing nearly $2 trillion in US assets and servicing more than 50 million US customers.
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