Grasshopper Bank
New York, US · Delaware corporation · 3 known investors
Grasshopper Bank is a technology-focused digital bank serving venture-backed businesses and the innovation economy. It offers digital banking services with a core venture business.
FintechSaaS
Founders & leadership
JE
Judith ErwinPresident and CEO
ML
Michael LenahanChief Financial Officer
MB
Michael ButlerPresident and Chief Executive Officer
MB
Mike ButlerChief Executive Officer
Board
DA
Daniel AltscherBoard director
BG
Boris GutinBoard director
JM
Jonah MarcusBoard director
KW
Kirk WycoffBoard director
CF
Cantwell F. MuckenfussBoard director
JF
John FlemmingBoard director
Investors · 3
Reported raises · per SEC filings
Form D private placements$179.5M disclosed across 4 rounds · 2019–2025
▶$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.
Competitors · 9
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In the news
Frequently asked questions
- What does Grasshopper Bank do?
- Grasshopper Bank is a technology-focused digital bank serving venture-backed businesses and the innovation economy. It offers digital banking services with a core venture business.
- Who founded Grasshopper Bank?
- Grasshopper Bank was founded by Judith Erwin.
- Who are Grasshopper Bank's investors?
- Grasshopper Bank's investors include Golden Seeds, Patriot Financial Partners, Temerity Capital Partners.
- How much funding has Grasshopper Bank raised?
- Grasshopper Bank has disclosed $179.5M raised across 4 rounds.
- Where is Grasshopper Bank headquartered?
- Grasshopper Bank is headquartered in New York, US.