Startups
Finance / Investing

MissionOG co-leads $42M round for Atlanta fintech company

After investing in local companies from various sectors, the Center City firm has spent the last year focused on fintech companies across the globe.

MissionOG's latest investment is in an Atlanta tech company. (Skyline of downtown Atlanta, Georgia, USA by Sean Pavone via Shutterstock)

MissionOG co-led a $42 million round for FactorTrust, an Atlanta fintech company.
After investing locally in companies like PeopleLinx, Cloudamize and OneTwoSee, the Center City investment firm has seemed to shift focus and set it sights on fintech companies around the world. Its managing partners come from the fintech industry, including partners Kevin O’NellDrew Kese and Andrew Newcomb, who were executives at Conshohocken-based Ecount, which got acquired by Citigroup in 2007 for $220 million.
The other lead investor was ABS Capital Partners, which has offices in Baltimore and San Francisco.
FactorTrust also hired Michael Heller, a MissionOG advisor, as president, according to this Atlanta Business Journal report.
MissionOG has been raising a $50 million fund since last year. They’ve raised more than $19 million, according to an SEC filing from August.

Companies: MissionOG

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Philly is ranked one of the world’s best places to found a startup, climbing to No. 25 globally

Ghost Robotics is landing a $240M exit, dodging months of protests over military uses

Coded by Kids drops ‘kids’ but keeps the focus on young people

As a returning citizen, she experienced tech overload. Now she’s fighting to end the digital divide

Technically Media