Theorem uses data science and machine learning to invest in marketplace lending loans, profitably managing over $800mm in assets.
Business Model:
Revenue: $0
Employees: 11-50
Address: -
City: Silicon Valley
State: CA
Zip: 94024
Country: US
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;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.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2016 | Venture Round | 1 | - |
Two Sigma Ventures Two Sigma Ventures |
3/2014 | Seed Round | 7 | $2.5M |
DCVC Initialized Capital Max Levchin Paul Buchheit Sam Altman SV Angel Y Combinator DCVC Initialized Capital Max Levchin Paul Buchheit Sam Altman SV Angel Y Combinator |
1/2016 | Venture Round | 1 | - |
Two Sigma Ventures Two Sigma Ventures |
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Announced Date | Name | Price |
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Revenue: 0 - 100000 Employees: Industry: Software |
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Revenue: 0 - 100000 Employees: 1 - 10 Industry: Blockchain |
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Revenue: 0 - 100000 Employees: 11 - 50 Industry: Industrial |
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Revenue: 0 - 100000 Employees: 1 - 10 Industry: Advertising |
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