Grasshopper Bank
PrivateLast Round
Early Funding
Aug 5, 2025
Total Funding Raised
$61.6M
Company Overview
Grasshopper Bank is a digital-first commercial bank in the United States, headquartered in New York City. Founded in 2016 and commencing operations in 2019, the bank is built to serve the business and innovation economy, including small businesses, startups, and venture capital and private equity firms. It offers a comprehensive suite of digital banking solutions, such as high-yield business checking and savings accounts, SBA loans, commercial real estate lending, sponsor finance, and corporate cards. Grasshopper also has a significant focus on financial technology, providing embedded finance solutions through Banking-as-a-Service (BaaS) and commercial API banking platforms. The bank is privately owned, FDIC-insured, and operates under its holding company, Grasshopper Bancorp, Inc.
Sector
FinTech
Verticals
Lending & Credit, Corporate Banking, Platform-as-a-Service, Digital Banking
Business Model
B2B
Customer Profile
Freemium, Payment Processing Fee, Usage-Based SaaS, Revenue Share
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Grasshopper Bank Comps
Public and private peers based on sector, stage, and business model.
Grasshopper Bank Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Early Funding | Aug 5, 2025 | ||||
| VC Round | Aug 1, 2022 | ||||
| Private Placement | May 30, 2019 | ||||
| Seed | Oct 11, 2017 |
Key People
Founding team and executive leadership
Grasshopper Bank Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Glendon Capital Management LP | Early Funding |
| FJ Capital Management | VC Round |
| GCP Capital Partners | VC Round |
| Endeavour Capital Advisors Inc. | VC Round, Private Placement |
| Patriot Financial Partners | VC Round, Private Placement, Early Funding |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 1, 2026
Steve Cunningham named new CEO, effective January 1, 2026.
- Dec 12, 2025
Mike Butler appointed as new president, reporting to the new CEO.
Grasshopper Bank Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Grasshopper Bank's valuation, stock price, and market status.
