Key notes: Theorem uses data science and machine learning to invest in marketplace lending loans, profitably managing over $800mm in assets.
Office address: 436 Bryant St., Floor 2, San Francisco, California, United States
Description: Theorem uses machine learning, data science, and software engineering to invest in loans originated by online platforms. Hugh Edmundson (CEO) is formerly a member of Morgan Stanley’s credit derivatives team, and Abeer Agrawal (CTO) is a former Googler and employee #1 at a startup called MobileSpan (which got acquired by Dropbox). We started off with YC's winter 2014 batch, managing $50k in assets. Today we are a company of almost 30 employees managing over $800 million AUM, and Theorem’s assets have increased by more than 50% since year-end 2017.
http://www.crunchbase.com/organization/theorem-687d
$ 2,500,000 over 1 funding rounds.
Date | Name | $ Invested | Crunchbase link |
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2014-03-25 | None | $ 2,500,000 | Detailed data |
Round Date | Round Name | Investor | Crunchbase Link |
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To update the information on funding or number of employees, please do that directly on Crunchbase.
Created: 19-Jun-2014, 11:19
Last Crunchbase update: 01-Jun-2019, 05:37
Last modified: 06-Mar-2021, 05:38
Country: None