EarlyBird, a U.S.-based fintech gifting platform, announced on Wednesday it secured $2.4 million through its latest investment round, which was led by Network Ventures, with strategic participation from Chingona Ventures, Bridge Investments, Kairos Angels, Takoma Ventures, and Subconscious Ventures along with notable angel investors. Along with the investment, EarlyBird announced the upcoming public launch of its mobile app. The company will be officially launching its iOS app to the App Store this December. Founded in 2019, EarlyBird’s mission is to simplify investing and elevate gifting to enable a brighter financial future for the next generation.
“EarlyBird enables parents or guardians to set up custodial investment accounts for their children in minutes, while friends and family can easily make meaningful and sustainable financial gifts to the children in their life. With each gift, contributors are encouraged to record a video memory that will leave a lasting legacy of love while also providing an emotional touch to their financial gift.”
While sharing more details about the platform’s development, CEO and Co-Founder of EarlyBird, Jordan Wexler stated:
“It started when my first niece was born, and I found myself showering her with toys and clothes, only to see her outgrow them in a few weeks. I was determined to give something more meaningful and lasting. In the spirit of the financial lessons and wisdom my father endowed on me as a child, I wanted to do the same for her. As I looked at options to invest in her financial future they all felt clunky, impersonal, or too transactional considering the lasting impact a gift like this would have on her life. At that moment, I knew there was a problem that needed to be solved.”
EarlyBird went on to add that the investment round’s funds will be used to further build the team and fuel the public launch of EarlyBird. With this financing, EarlyBird will onboard the first few thousand parents, families, and friends who are excited to help build financial freedom for the next generation.