COMPANY INFO
Baselayer, founded in 2011 by Jonathan Awad and Timothy Hyde, is a privately held technology company headquartered in New York, specializing in automated solutions for business verification, risk, and fraud management primarily for financial institutions. With around 97 employees, Baselayer provides a platform designed to mitigate B2B fraud, reduce risk in small business financial dealings, and enable privacy-compliant data sharing among banks and lenders, serving over 2,000 clients including banks, lending institutions, and government entities. The company's website is https://baselayer.com and it operates in the financial technology and information services industry.
Baselayer, founded in 2023 by Jonathan Awad and Timothy Hyde, is a rapidly growing fintech company headquartered in New York. Specializing in automated solutions for business verification, risk, and fraud management, Baselayer serves over 2,000 clients, including banks, lending institutions, and government entities. With a team of around 25 employees, Baselayer operates in the business/productivity software and information services sector, offering a sophisticated platform that helps mitigate B2B fraud, streamline small business financial workflows, and enable privacy-compliant data sharing across the financial ecosystem.
Baselayer has adopted a focused and strategic funding approach to accelerate the development and adoption of its AI-driven platform. The company has raised a total of $6.5 million in a single seed funding round, which closed on May 1, 2024. This funding round was notably 5x oversubscribed, indicating robust interest from a range of prominent venture capital investors and fintech industry leaders. Baselayer’s funding strategy emphasizes rapid technology development, market expansion, and the recruitment of top talent to cement its role as a leading provider of AI-based business verification solutions.
Baselayer’s seed round raised $6.5 million to fund the development of its AI-based knowledge graph platform. This investment will be used to simplify and secure business verification, prevent fraud across the financial ecosystem, and boost small business performance. The round attracted significant interest, being 5x oversubscribed, and included participation from high-profile fintech executives and investors.
Founder Collective is a leading seed-stage venture capital firm known for supporting innovative tech startups from inception. Their investment in Baselayer reflects confidence in the company’s transformative approach to risk and fraud management in financial services.
Torch Capital is a consumer-focused venture capital firm that specializes in backing early-stage companies with transformative technology. As a lead investor, Torch Capital brings strategic guidance and industry expertise to Baselayer’s funding journey.
Afore Capital is recognized for its focus on pre-seed and seed investments in next-generation fintech and SaaS companies. With its involvement in Baselayer, Afore Capital aims to drive further innovation in B2B fintech infrastructure.
Picus Capital is a global venture capital firm with a strong track record in fintech investment. By backing Baselayer, Picus Capital supports the company’s mission to enhance trust and efficiency in the financial sector.
Sequoia Capital is one of the world’s most prominent venture capital firms, backing many market-defining companies. Sequoia’s investment in Baselayer underscores its commitment to next-generation fintech innovation.
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