Percent announced today the successful close of a $29.7 million Series B funding round, more than doubling the company's total funding, which now sits at $48.2 million.

The round was led by White Star Capital, with participation from existing investors such as B Capital Group, and notable new investors, including Susquehanna Private Equity Investments LLLP, BDMI, Forte Ventures, and Vectr Fintech. In addition to being oversubscribed, this latest funding round is evidence of the incredible demand for Percent's platform, its growing success and the confidence of investors in its future. Percent has disrupted private capital markets by providing a transparent and data-powered infrastructure for the historically opaque asset class for borrowers, underwriters and investors. This funding round also included several strategics, including Evolution VC and Global Fintech Venture Partners.

Percent has created the modern credit marketplace, empowering investors, borrowers, and underwriters with innovative technology to increase the speed and velocity of transactions at a fraction of the cost. The company's core infrastructure delivers public market efficiencies to the analog private credit market by powering the sourcing, structuring, syndication, surveillance and servicing of private credit transactions from beginning to end. Founded in 2018, Percent's platform is becoming the market standard for asset-backed and corporate lending, powering over $1.2 billion in transaction volume in a multi-trillion-dollar private credit industry.