When was Fundation founded?

Fundation was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Where is Fundation located?

Fundation is headquartered in New York City, United States. It is registered at Reston, Virginia.

How many employees does Fundation have?

As of May 31, 2026, the latest employee count at Fundation is 171.

Is Fundation a funded company?

Fundation is a funded company, having raised a total of $6.66M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 19, 2012.

When was the latest funding round of Fundation?

Fundation's latest funding was a $***** Conventional Debt round on May 16, 2018, with participation from 1 investor.

Where does Fundation rank among its competitors?

Fundation ranks 19th amongst 145 active competitors, of which 37 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Lendflow, which secured $15M in May, 2025.

Who are the top competitors of Fundation?

Fundation's top competitors include Tala, NetSol Tech and Linedata. Among them, Lendflow secured the most recent funding round in May, 2025.

Fundation - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online Small Business Lending Platform. It is an alternative lending platform that grants fixed rate, simple interest loans to businesses. The loans offered are either short-term or long-term, with multiple principal amounts cap for the former and the latter. It offers multiple interest rates depending on the profile of the application. The repayments are charged from the borrower's bank account directly, and there are no prepayment fees.

Website: fundation.com
Social
Registered Address: Reston, Virginia

Key Metrics

Founded Year

2011

Location

New York City, United States

Stage

Series A

Total Funding

$6.66M in 6 rounds

Latest Funding Round

Conventional Debt, May 16, 2018, $*****

Investors

Goldman Sachs & 8 more

Ranked

19^th among 145 active competitors

Employee Count

171 as on May 31, 2026

Similar Companies

Tala & 573 more

View Fundation's full profile

Fundation is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FUNDATION GROUP, LLC CIN: 383919405 , United States, Active	Dec 31, 1999	-	93 (As on Dec 31, 2024)	-

Fundation has raised a total funding of $6.66M over 6 rounds. Its first funding round was on Jun 19, 2012. Its latest funding round was a Conventional Debt round on May 16, 2018 for $*****. 1 investor participated in its latest round. Fundation has 9 institutional investors.

Here is the list of recent funding rounds of Fundation:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 16, 2018	9314168	Conventional Debt	5711061	7471870	6702499	2631033
Jan 18, 2018	9714613	Conventional Debt	9630159	5443276	6807921	Waterfall
Mar 21, 2017	6491991	Conventional Debt	5949812	4802226	3403488	MidCap Financial

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View details of Fundation's funding rounds and investors

The founders of Fundation is Doug Gordon.

Here are the details of Fundation's key team members:

Doug Gordon: Co-Founder & Executive Vice-President of Fundation.

View details of Fundation's Founder profiles and Board Members

Fundation's employee count trend

Fundation has 171 employees as of May 26. Here is Fundation's employee count trend over the years:

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Top competitors of Fundation include Tala, NetSol Tech and Linedata. Here is the list of Top 10 competitors of Fundation, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tala 2011, Santa Monica (United States), Series E	Provider of financial infrastructure and credit decision models	$346M	DCVC, PayPal & 51 others	81/100
2nd	NetSol Tech 1979, Calabasas (United States), Public	Developer of an AI-driven platform for asset finance and retail	-	-	63/100
3rd	Linedata 1998, Neuilly sur seine (France), Public	Provider of software, data, analytics, and related services for financial institutions	-	Ardian, XAnge & 4 others	63/100
4th	GreenSky 2006, Atlanta (United States), Acquired	Lending as a service platform for consumer financing	$610M	Evolve Capital Partners, PIMCO & 6 others	62/100
5th	Lendflow 2019, Houston (United States), Series A	Provider of cloud-based lending solutions	$13M	Underscore VC, Hack VC & 8 others	60/100
6th	Baker Hill 1984, Carmel (United States), Acquired	Provider of a loan origination and risk management solutions	$15M	Turmeric Capital, Comvest Partners	56/100
7th	Cloud Lending 2013, Foster City (United States), Acquired	Provider of digital banking solutions for financial institutions and their clients	$16.1M	Cota Capital, Lighter Capital & 4 others	56/100
8th	Jocata 2010, Hyderabad (India), Acquired	Provider of AI and cloud based financial planning and investment management solutions	$250K	FinTech Innovation Lab, Persistent	54/100
9th	Land Gorilla 2010, San Luis Obispo (United States), Funding Raised	Construction loan software streamlining lending, compliance, and risk management	-	-	52/100
10th	Migo 2014, San Francisco (United States), Acquired	Cloud-based platform for loan origination	$38.2M	The Rise Fund, FinTech Collective & 22 others	52/100
19th	Fundation 2011, New York City (United States), Series A	Online Small Business Lending Platform	$6.66M	Goldman Sachs, Lateral Investment Management ... & 7 others	48/100