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Untapped

San Francisco, California, United States Financial Services Acquired

Untapped Global is a data-driven asset-financing and revenue-based financing platform serving tech-enabled, capital-intensive businesses in emerging markets, primarily across Africa. Through its Smart Asset Financing model, Untapped finances productive assets (such as electric motorcycles, solar systems, smart irrigation, and other IoT-connected equipment) and uses real-time data and payment integration to track asset usage and revenue, enabling faster due diligence and capital deployment. Financing options include revenue-share structures where repayments are tied to a fixed percentage of asset-generated revenue. The company connects global investors to high-growth businesses addressing the SME 'missing middle' funding gap, with a focus on sectors such as clean water, solar energy, e-mobility, and inclusive fintech.

Acquired

Untapped has been acquired

Acquired by Podium Education February 20, 2024

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2020

Employees

11–50

Total Funding

$28.5M

2 rounds

Latest Valuation

$0.4B

May 25, 2021

Funding

Total raised $28.5M across 2 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series B

Date

May 25, 2021

Amount

$20M

Valuation

Lead Investors

Kleiner Perkins
DateRoundAmount RaisedValuationLead Investors
May 25, 2021 Series B $20M Kleiner Perkins
December 18, 2019 Series A $8.5M Sequoia Capital

Prominent Investors

Asymmetric Capital Partners Fifth Down Capital Contrary Capital Gaingels BAM Elevate High Sage Ventures Lachy Groom Sequoia Owl Ventures

Leadership

  • Jim Chu

    Founder & Chief Executive Officer

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

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Data collected with AI, which can make mistakes. Please double-check this information.