Grasshopper Bank
New York, US · Delaware corporation · 3 known investors
Find your way into Grasshopper Bank
74 people in our graph share verified history with the Grasshopper Bank team — schools, employers, funds. One of them is your warm intro.
Raj Dateunlockedknows Judith Erwin · together at Grasshopper Bank (overlapped)
×11knows the team · via Oregon State University
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.
Founders & leadership
JE
Judith ErwininFounder & CEO2016–2021She previously served as founding CEO and senior executive at tech-powered banks serving the venture capital and private equity communities.
ML
Michael LenahanChief Financial Officer
MB
Mike ButlerinChief 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.
Founder mafia
3 people who came through Grasshopper Bank went on to found or lead other companies.
Competitors · 9
by search overlapChase1406 shared keywordsA wealth management and investing service (J.P. Morgan Wealth Management via Chase) offering self-directed brokerage accounts with commission-free online trades as well as one-on-one advisor services, financial planning tools, and retirement accounts. It serves individual retail investors ranging from beginners to experienced investors in the United States.
Wellsfargo1367 shared keywordsWells Fargo provides investment advisory services, wealth management, and retirement planning for individual investors and high-net-worth clients. The company offers digital investment platforms, market insights, and personalized financial guidance through its advisors and digital tools.
Capital One1323 shared keywordsCapital One is a financial services company that offers credit cards, checking and savings accounts, auto financing, and business banking products to consumers and small businesses. The company provides digital banking tools, rewards programs, and credit monitoring services.
Wise1242 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Brex991 shared keywordsBrex provides financial services and software for companies, including corporate cards and expense management tools. The platform serves startups, scaled companies, and e-commerce brands to manage finances and spending.
Stripe923 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Experian860 shared keywordsExperian offers consumers tools to access their credit report and FICO Score, build credit, and manage money, including credit card matching, bill and subscription negotiation, car insurance comparison, and a digital checking account with debit card. It serves individual U.S. consumers through its app and financial products.
Intuit®792 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
SmartAsset782 shared keywordsFisher Investments is a global money management and financial advisory firm that provides portfolio management, financial planning, and retirement planning services primarily to high-net-worth individuals and institutional clients. The firm manages investments across equities, fixed income, and blended accounts using an active, forward-looking investment approach.
Companies competing with Grasshopper Bank for the same Google search keywords, organic and paid, via search-intersection analysis.
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.