HOOPP led a $100m Series D funding round in Fundbox.

Healthcare of Ontario Pension Plan, a multi-employer defined benefit pension plan, led a $100m Series D funding round in Fundbox, an AI-powered financial platform for small businesses. Additional investors include Allianz X, Khosla Ventures, The Private Shares Fund, Arbor Waypoint Select Fund and BNY Mellon. “Fundbox’s strong performance this year speaks to the market opportunity in disrupting the highly underserved world of small business financing, which has traditionally lagged behind consumer financing innovations. As a result, Fundbox is well positioned to unlock growth for small businesses and help support the country’s economic recovery," Shrirang Apte, HOOPP VP.