EarlyBird has raised $4 million to bring financial security and literacy to the younger generation

EarlyBird, a Chicago-based fintech startup, raised $4 million in sneed funding to enable guardians and friends to invest in their child’s future from an early age.

The funding round was led by Alexis Ohanian’s Seven Seven Six, with participation from Gemini’s Frontier Fund as well as Network Ventures, Rarebreed Ventures, among others. The capital will allow EarlyBird to accelerate the development of its childhood community investment platform by expanding its engineering, product, marketing and operations teams. Alexis Ohanian, founder of Seven Seven Six, referenced the round, saying:

“I got a savings bond from my great aunt when I was born in 1983. Nobody gives out savings bonds anymore – we need a launch pad into modern wealth creation for the next generation. We believe that EarlyBird’s vision – located at the intersection of community, love and capital – aligns well with how all the “rules of investing” are currently being rewritten. »

Founded in 2019 with a mission to simplify investing in the next generation, EarlyBird empowers parents, family and friends to collectively strengthen the financial future of the children they love. The platform developed by the startup allows users to invest and donate a multitude of financial assets like stocks, ETFs and cryptocurrencies, which can then start generating wealth on behalf of the child. . Jordan Wexler, CEO and co-founder of EarlyBird, said of this mission:

“EarlyBird began with a vision to create an accessible way for all families to begin creating wealth for their children, and to do so with the support, love and contributions of their wider communities. Since our launch, we have seen incredible growth, adoption and enthusiasm from families with a wide range of financial knowledge and experience.Seven Seven Six and all of our new partners recognize the importance of financial access and accessibility in investing, and we’re excited to have them on board as we continue to take flight.

By enabling the community around a child to invest in their financial future early on in an intuitive and fast way, EarlyBird not only empowers its users to protect those who love it. The app also enables children to learn about investing and building wealth from an early age, ensuring the next generation has a chance at a brighter future.

Sarah J. Greer