Grasshopper
New York, US · Delaware corporation · 3 known investors
Grasshopper provides digital banking services for small businesses and startups, offering business checking accounts, lines of credit up to $5 million, payment processing, and invoicing functionality integrated with accounting software. The platform delivers banking, lending, and account management tools designed to help growing businesses manage their finances from a single platform.
Founders & leadership
ML
Michael LenahanChief Financial Officer
MB
Michael ButlerPresident and Chief Executive Officer
JE
Judith ErwinPresident and CEO
DA
Daniel AltscherDirector
BG
Boris GutinDirector
JM
Jonah MarcusDirector
KW
Kirk WycoffDirector
CF
Cantwell F. MuckenfussDirector
JF
John FlemmingDirector
Investors · 3
Reported raises · per SEC filings
Form D private placements▶$37.7MraisedApr 2025 · 21 investors · Other Banking and Financial ServicesRule 506(b)
▶$37.7MraisedApr 2025 · 21 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Daniel AltscherDirector
- Boris GutinDirector
- Cantwell F. MuckenfussDirector
- Michael LenahanExecutive Officer
- Jonah MarcusDirector
- Kirk WycoffDirector
- John FlemmingDirector
- Michael ButlerDirector, Executive Officer
- Offering amount
- $37.7M
- Amount sold
- $37.7M
- First sale
- Mar 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 3C.6, 06b, 3C
▶$10.6MraisedJan 2024 · 4 investors · Other Banking and Financial ServicesRule 506(b)
▶$10.6MraisedJan 2024 · 4 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Michael LenahanExecutive Officer
- Daniel AltscherDirector
- Boris GutinDirector
- Jonah MarcusDirector
- Michael ButlerDirector, Executive Officer
- Bradford KoppDirector
- Cantwell F. MuckenfussDirector
- John FlemmingDirector
- Kirk WycoffDirector
- Luan CoxDirector
- Offering amount
- $16.5M
- Amount sold
- $10.6M
- Minimum investment
- $10K
- First sale
- Dec 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 3C.6, 06b, 3C
▶$17.3MraisedApr 2022 · 15 investors · Other Banking and Financial ServicesRule 506(b)
▶$17.3MraisedApr 2022 · 15 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Michael ButlerExecutive Officer, Director
- Michael KellyDirector
- Michael LenahanExecutive Officer
- Carol Baldwin MoodyDirector
- Kelly WilliamsDirector
- Jonah MarcusDirector
- Kirk WycoffDirector
- Bradford KoppDirector
- Daniel AltscherDirector
- John FlemmingDirector
- Cantwell F. MuckenfussDirector
- Offering amount
- $30M
- Amount sold
- $17.3M
- Minimum investment
- $10K
- First sale
- Mar 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$114MraisedMay 2019 · 128 investors · Other Banking and Financial ServicesRule 506(b)
▶$114MraisedMay 2019 · 128 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- Judith ErwinExecutive Officer, Director
- Offering amount
- $150M
- Amount sold
- $114M
- Minimum investment
- $250K
- Sales commissions
- $5.7M
- Placement agents
- Seapower Carpenter Capital, Inc., Keefe, Bruyette & Woods, Inc.
- First sale
- Apr 2019
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
In the news
- Enova's Grasshopper Deal to Reshape Funding and Growth Trajectoryfinance.yahoo.com · 2026
- Digital bank Grasshopper secures $46.6m in new fundingfintech.global · 2025
- Grasshopper Raises $46 Million to Bolster Digital Banking Platform | PYMNTS.compymnts.com · 2025
- Grasshopper Raises $46.6M in Fundingfinsmes.com · 2025
- Grasshopper Raises $46.6 Million in Funding and Appoints New Board Members to Fuel Next Phase of Growth - Grasshoppergrasshopper.bank · 2025
- Grasshopper Raises $30.4 Million to Address Demand for Digital Banking Services Across the Business and Innovation Economiesgrasshopper.bank · 2022