Snowball Wealth

About

Snowball Wealth offers a mobile app designed to help users tackle debt and build generational wealth.

San Francisco,California,United States
11 - 50
https://www.snowballwealth.com

Highlights

Details

Last Funding Type: Pre-seed
Last Funding Money Raised: $1.60M
Industries: Financial Services,FinTech,Information Technology,Mobile Apps,Personal Finance
Founded date: Jan 1, 2019
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Snowball Wealth Inc.

Snowball Wealth develops a mobile app that offers an online community, social challenges, and AI-driven planning to help users to tackle debt and build generational wealth. Snowball Wealth’s community-driven approach removes the taboo around talking about debt, income, and investing. The AI-driven planning provides a personalized roadmap to guide members on how to get out of debt and begin investing. Snowball Wealth is focused on financial education and planning for individuals.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$3.20M

Snowball Wealth has raised a total of $3.20M in funding over 2 rounds. Their latest funding was raised on Oct 18, 2022 from a Pre-seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Oct 18, 2022	Pre-seed	$1.60M	8	—	—	Detail
Jul 11, 2022	Grant	$100K	1	Google for Startups	—	Detail
Mar 1, 2022	Pre-seed	$750K	—	—	—	Detail
Mar 1, 2020	Pre-seed	$750K	2	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

1

8

Snowball Wealth is funded by 8 investors. Bumble Fund and Eliana Murillo are the most recent investors.

Investor Name	Lead Investor	Funding Round
Bumble Fund	—	Pre-seed
Eliana Murillo	—	Pre-seed
Goodwater Capital	—	Pre-seed
Google for Startups	—	Pre-seed
Rafael Garcia	—	Pre-seed
Shivani Siroya	—	Pre-seed
The Community Fund	—	Pre-seed
Ulu Ventures	—	Pre-seed