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- Found
Found Revenue, Valuation, Funding & Investors
Found is valued at $400M as of June 2024, a 9.3x multiple on its last reported $43M revenue.
Last Found valuation
$400M
Series C · Jun 2024
Last Found funding round
$46M
Series C · Jun 2024
Found revenue
$43M
Series C · Jun 2024
Key investors in Found
Sequoia Capital
Lightspeed Venture Partners
Founders Fund
Khosla Ventures
Mischief
Lauren Farleigh
About Found
Found is a San Francisco-based digital banking platform for U.S. self-employed individuals, featuring automated expense tracking and tax savings accounts. Launched in 2020, it processes millions in transactions monthly and integrates with QuickBooks and Stripe.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Revenue
$43M (Jun 2024)
Valuation
$400M (Jun 2024)
Found Valuation
Found is currently valued at $400M, based on its Series C in June 2024.
The $46M round was led by Sequoia Capital, with participation from Khosla Ventures, Lightspeed Venture Partners and Founders Fund.
Found valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2024 | Series C | $400M | 9.3x |
Found Revenue
Found's latest recorded revenue is $43M, as of its Series C in June 2024. At a $400M valuation, that implies a 9.3x revenue multiple.
Found revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2024 | $43M | $400M | 9.3x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Found Funding History
Found has raised a total of $121M across 6 funding rounds.
Found's first fundraising round was a $500K pre-seed round in June 2019. The most recent completed round was a $46M Series C in June 2024.
Found funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2024 | Series C | Sequoia Capital (lead); Khosla Ventures; Lightspeed Venture Partners; Founders Fund | $46M | $400M | Found is a financial software platform designed for self-employed workers and small business owners. The company provides banking, accounting, tax planning, and payroll solutions tailored specifically for the gig economy and independent contractor market. Found addresses a substantial market opportunity, with the global gig economy expected to transact $455 billion in 2024, and research showing 84% of millennial-operated small businesses are already using or considering alternatives to traditional banking. In July 2024, Found raised a $50 million Series C round led by Sequoia Capital, bringing the company's post-money valuation to over $400 million. This round was smaller than its previous $60 million Series B in February 2022, which was led by Founders Fund. The company has raised $121.2 million total across six funding rounds, with other notable investors including Lightspeed Venture Partners and Khosla Ventures. Found demonstrated significant traction prior to the Series B, achieving 20x customer growth in the year leading up to that round. By May 2025, the platform supported over 500,000 business owners, and the company had grown from 40 employees in 2022 to over 100 by 2024. An unverified estimate indicated Found's 2024 revenue was $42.7 million. The company has expanded its partnerships throughout 2024 with companies including Revenued, Care.com, and Marqueta, and CEO Jared Myrick was recognized as one of eight new CEOs on Forbes' ninth annual FinTech 50 list. |
| Feb 2022 | Series B | Founders Fund (lead); Sequoia Capital; Lightspeed Venture Partners; Mischief | $60M | - | Found is a fintech startup providing full-stack financial services for self-employed workers, including business banking, bookkeeping, taxes, and tools tailored for about 60 million Americans in this group, predicted to become the majority of U.S. workers by 2027. The company helps self-employed individuals avoid high costs for accountants, bookkeepers, and lawyers by offering integrated solutions via its Mastercard debit card issued by Lead Bank. On February 23, 2022, Found raised $60 million in Series B equity financing led by Founders Fund, with participation from new investor Lightspeed Venture Partners and existing investor Sequoia Capital. Keith Rabois from Founders Fund joined the board alongside Sequoia’s Alfred Lin. At the time, Found had grown its team to 40 people, adding key executives like COO Nick Adler from The Athletic, Head of Engineering Aabhas Sharma from Uber, and Head of Growth Abbie Hale from Pinterest. The funding was intended to invest in new tools for self-employed businesses, partner with platforms serving large self-employed user bases for distribution, and expand the team across functions. |
| May 2021 | Series A | Sequoia Capital (lead) | $13M | - | Found, a self-employment online banking platform, raised $12.8 million in a Series A funding round from Sequoia Capital and undisclosed angel investors. The California-based company offers banking, bookkeeping, and taxation services for self-employed people with no account fees, minimum balance requirements, or maintenance fees. Found plans to use the funding to expand beyond online banking. The global accounting software market, relevant to Found's services, is projected to grow at a CAGR of 8.5% and reach $19.59 billion by 2026, driven by increasing adoption of online banking, cloud-based accounting, and tax compliance software among small businesses and entrepreneurs. |
| Oct 2020 | Seed | Lauren Farleigh | $1M | - | - |
| Mar 2020 | Seed | - | $800K | - | - |
| Jun 2019 | Pre-seed | - | $500K | - | - |
Who has invested in Found?
6 investors have backed Found across its funding rounds, including Sequoia Capital, Lightspeed Venture Partners, Founders Fund, Khosla Ventures, Mischief and Lauren Farleigh.
Lead investors include Sequoia Capital and Founders Fund.
Found Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2021 | ||
| 2 | Participant | Feb 2022 | ||
| 2 | Lead | Feb 2022 | ||
| 1 | Participant | Oct 2020 | ||
This data is available for Pro users. Sign up to see all 6 Found investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialFound Competitors
Found competitors include listed companies like Miroku Jyoho Service and Baiwang Cloud, and private ones like Sleek, Lentra, Multiplier and Xepelin.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $150M | - | ||
| Private | $16M | - | $400M | 25.0x | ||
| Private | - | - | $400M | - | ||
| Private | $100M | - | $400M | 4.0x | ||
| Publicly listed | $315M | $58M | $396M | 1.1x | ||
| Publicly listed | $109M | $433K | $337M | 2.7x |
Found Public Comps
Found is still privately-owned, but its public comps include Miroku Jyoho Service, K-Bro Linen, Nordtech Group, Baiwang Cloud, Mestek, Coor Service Management, Andrews Sykes Group, BLS E- Services, Avant Group and Teamshares.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $315M | $58M | 1.1x | 1.1x | 6.0x | - | |||
| $363M | $65M | 1.6x | 1.5x | 9.2x | 7.8x | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $109M | $433K | 2.6x | 2.7x | 648.3x | - | |||
| $329M | $29M | 1.5x | - | 16.8x | - | |||
| $1.3B | $82M | 0.6x | 0.6x | 8.8x | 7.9x | |||
| $103M | $44M | 2.8x | - | 6.6x | - | |||
| $117M | $9M | 2.3x | - | 29.7x | - | |||
This data is available for Pro users. Sign up to see all Found competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Found
| When was Found founded? | Found was founded in 2019. |
| Where is Found headquartered? | Found is headquartered in San Francisco, CA, United States. |
| Is Found publicly listed? | No, Found is a private, VC-backed company. |
| What is Found's valuation? | Found was last valued at $400M in its Series C in June 2024. |
| How much funding has Found raised? | Found has raised $121M across 6 funding rounds. |
| What was Found's last funding round? | Found's last funding round was a $46M Series C in June 2024, led by Sequoia Capital. |
| Who are Found's investors? | Found's investors include Sequoia Capital, Lightspeed Venture Partners, Founders Fund, Lauren Farleigh, Khosla Ventures and Mischief. |
| What is Found's revenue? | Found's latest recorded revenue is $43M (June 2024). |
| What is Found's revenue multiple? | Found's latest valuation implies a 9.3x revenue multiple ($400M valuation on $43M of revenue). |
| Which companies are comparable to Found? | Companies comparable to Found include Sleek, Lentra, Multiplier, Xepelin, Miroku Jyoho Service and Baiwang Cloud. |
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