Invest Nebraska has participated in a $3,000,000 mezzanine financing in Omaha-based Lodo Software, a provider of digital banking solutions. The investment was led by Invest Nebraska and Treetop Ventures. The proceeds from the financing will be used for sales and marketing efforts, development of new product features, and working capital.
Invest Nebraska announced its participation in a $3,000,000 mezzanine financing in Omaha-based Lodo Software, a provider of digital banking solutions. The investment was led by Invest Nebraska and Treetop Ventures. The proceeds from the financing will be used for sales and marketing efforts, development of new product features, and working capital.
Lodo Software’s signature product is D3 Banking™, an omni-channel digital banking solution. Financial institutions using D3 Banking are able to deliver integrated financial services to their customers across a modern, personalized platform accessible from any smartphone, tablet, or computer. D3 Banking™ provides banks and credit unions with a solution that replaces the disparate, expensive and complex delivery channels they presently use to deliver financial services to customers; e.g., online banking, mobile banking and personal financial management.
According to Mark Vipond, CEO of Lodo Software, “According to a study by Google, one in six customers of financial institutions say they are leaving their bank or credit union because of a poor mobile experience. D3 Banking™ provides a consistent user experience regardless of device and uses its data rich analytics and categorization algorithms to tailor services to the specific needs of the customer.”
“The companies we seek to invest in have validated their product in the market, and Lodo Software is no exception,” said Mark Crawford, CEO and Investment Manager at Invest Nebraska. “Lodo saw the need for this type of unified solution and moved quickly to fill that void.”
William Fisher, a Partner at Treetop Ventures, agrees. “It is clear that Lodo Software is ideally positioned for compelling success,” Fisher said. “We are eager to continue supporting Lodo as part of our growing portfolio of Nebraska technology startups.”
About Invest Nebraska
Invest Nebraska is a venture development organization focused on advising and investing in technology and high growth companies in Nebraska. It is partially funded by the Nebraska Department of Economic Development through the Talent and Innovation Initiative.
About Treetop Ventures
Treetop Ventures provides comprehensive, integrated financial and legal support across the full spectrum of family wealth and small/startup business needs.
About Lodo Software
Lodo Software delivers Data Driven Digital™ banking that provides the end user with a consistent, personalized experience anytime, anywhere, on any device. D3 Banking provides a comprehensive set of capabilities that empower the individual and small business while providing banks and credit unions with cross-selling tools designed to meet the needs of their customers at various stages in life.