Fundraising Fox
Sunbit
Los Angeles, US · Founded 2015 · Delaware corporation · 572 employees on LinkedIn · 10 known investors
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Sunbit provides point-of-sale financing and a fee-free co-branded credit card that let consumers pay over time for in-person services such as auto repair, dental, and optical care, as well as retail purchases. It serves merchants and retailers who offer the payment option to their customers, with no late, origination, or penalty fees.
Founders & leadership
Sunbit was founded in 2015 by Arad Levertov.
Investors · 10
How we know: Altaclub VC's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: AltaIR Capital's portfolio page · funding news · press coverage · the VCSheet dataset · Not right? Tell us
How we know: av.vc · Not right? Tell us
How we know: Chicago Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Group 11's portfolio page · board seat on SEC Form D · funding news · press coverage · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Starting Line's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Transpose Platform Management's portfolio page · Not right? Tell us
How we know: Zeev Ventures's portfolio page · funding news · press coverage · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$132.6M disclosed across 4 of 6 rounds · 2016–2024
▶$87.8MraisedJun 2021 · 24 investors · Other TechnologyRule 506(b)
- Oren ZeevDirector
- Dovi FrancesDirector
- Lana ShneydinaExecutive Officer
- Stuart LarkinsDirector
- Ornit MaizelDirector
- Arad LevertovExecutive Officer, Director
- Offering amount
- $130M
- Amount sold
- $87.8M
- First sale
- Jun 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$12.2MraisedSep 2019 · 2 investors · Other TechnologyRule 506(c)
- Tal RiesenfeldDirector
- Stuart LarkinsExecutive Officer, Director
- Oren ZeevDirector
- Lana ShneydinaExecutive Officer
- Arad LevertovExecutive Officer, Director
- Dovi FrancesDirector
- Offering amount
- $12.2M
- Amount sold
- $12.2M
- First sale
- Sep 2019
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06c
▶$29.7MraisedSep 2019 · 31 investors · Other TechnologyRule 506(b)
- Arad LevertovExecutive Officer, Director
- Tal RiesenfeldDirector
- Lana ShneydinaExecutive Officer
- Dovi FrancesDirector
- Oren ZeevDirector
- Stuart LarkinsDirector
- Offering amount
- $29.7M
- Amount sold
- $29.7M
- First sale
- Mar 2018
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
▶$2.9MraisedSep 2016 · 18 investors · Other TechnologyRule 506(b)
- Arad LevertovExecutive Officer, Director, Promoter
- Offering amount
- $3M
- Amount sold
- $2.9M
- First sale
- Mar 2016
- Incorporated
- Corporation, Delaware, 2015
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Sunbit went on to found or lead other companies.
Related companies · 2
Companies working in the same space as Sunbit.
In the news
Frequently asked questions
- What does Sunbit do?
- Sunbit provides point-of-sale financing and a fee-free co-branded credit card that let consumers pay over time for in-person services such as auto repair, dental, and optical care, as well as retail purchases. It serves merchants and retailers who offer the payment option to their customers, with no late, origination, or penalty fees.
- Who founded Sunbit?
- Sunbit was founded by Arad Levertov in 2015.
- Who are Sunbit's investors?
- Sunbit's investors include Altaclub VC, AltaIR Capital, Alumni Ventures, Chicago Ventures, G Squared, Group 11, Soundproof Ventures, Starting Line and 2 more.
- How much funding has Sunbit raised?
- Sunbit has disclosed $132.6M raised across 4 of its 6 known rounds.
- Where is Sunbit headquartered?
- Sunbit is headquartered in Los Angeles, US.