Amount Raised
$7 Million
Round Type
Seed
BrooklynFinancial ServicesReal EstateFintechDescription
Tongo—a FinTech company realigning income and expenses for the commission economy—announced it has raised $7 million in seed funding. The company will use these proceeds to expand product and team in its initial market of real estate, where Tongo empowers brokerages to offer agents on-demand access to pending commissions, which they can use like a line of credit to grow their business & stabilize cash flows. The round was led by MetaProp, with participation from New Valley Ventures, Good Friends, Launchpad, Elizabeth Street, Red Bike, Lab Ventures and Entrepreneur's Roundtable Accelerator. Tongo's fundraising to-date is $11 million.
Who to call at Tongo, and when
A new round usually means Tongo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Tongo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Tongo, from your own LinkedIn network
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Fundz sees it the moment Tongo raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Tongo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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