Point Raises $122 Million in New Funding
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: GlobeNewswire
PALO ALTO, Calif., March 20, 2019 (GLOBE NEWSWIRE) -- Point, the first financial technology platform that allows homeowners to unlock their home equity wealth without taking on new debt, announced today that it has secured $122 million in new funding. The company added $22 million in Series B equity funding led by Prudential Financial (NYSE:PRU) and DAG Ventures, with participation from existing investors including Andreessen Horowitz, Ribbit Capital, and Bloomberg Beta. New investors include Financial Venture Studio and Enterprise Community Partners. More information is available at https://resources.point.com/point-announcement-march20-2019/ . Point also announced a platform capital commitment of $100 million from Kingsbridge Wealth Management, which brings total platform capital to over $265 million. Kingsbridge also participated in the equity round. “Point is seeing significant demand for its home equity investment (HEI) solution. We are witnessing the emergence of a whole new
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PRU
Earnings
- 2/6/24 - Miss
PRU
Sec Filings
- 4/16/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEF
- PRU's page on the SEC website