Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Promise

Explore full profile

A cost-effective, humane alternative to incarceration by improving long-term outcomes for individuals and communities

Oakland, United StatesFounded 2017Fintech
Valuation $500M–1B Last recorded · 2022
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Promise and the history behind them.

About Promise

Promise is a technology startup that aims to revolutionize the way governments interact with their citizens. The company provides software solutions that modernize and humanize the relationship between governments and the people they serve, with a focus on treating everyone with dignity.

Promise operates in the public sector, partnering with government entities to streamline the distribution of aid and relief. Their innovative solutions simplify the administration of rebate systems, making it easier for residents to save money on energy bills and upgrade to clean energy equipment.

The company's business model is centered around a data-driven approach. They use advanced technology to identify the most vulnerable members of the community and ensure they receive the benefits they are eligible for. This includes providing quick and reliable income verification services, which not only increase access to benefits but also reduce fraud, waste, and abuse.

Promise also offers a solution for the millions of individuals who face significant consequences for failing to pay public services debt. Their PromisePay Platform provides affordable solutions to low-income households, helping utilities and government agencies better serve their communities.

The company prides itself on its commitment to security, confidentiality, and integrity, having met the rigorous standards required for SOC 1, SOC 2, and PCI-DSS compliance.

In summary, Promise is a technology company that uses innovative software solutions to improve the way governments serve their citizens, with a focus on dignity, efficiency, and security.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Oakland, United States
Employees
247
Open positions
None listed
Dealroom signal
84.0/100
Industry
Fintech
Sub-industry
Payments, Financial Management Solutions
Sector
Fintech, Community, YC W18, financial inclusion
Business model
SaaS
Client focus
b2b, b2c

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BEquity / VC Aug 2022 $0 — Undisclosed —
SERIES B✓Equity / VC Feb 2022 $25M $520M First Round Capital · Howard Schultz · Bronze Investments · Kapor Capital ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Promise website traffic

Latest recorded traffic for Promise is 690 monthly website visits, down 81.8% over the last three months. Promise's team grew 6.9% over the past year.

Latest monthly visits690 3-month web change-81.8% 1-year team growth+6.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

15 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed6 investors entered at this stage

Series A4 investors entered at this stage

  • Bronze Investments
  • XYZ Venture Capital
  • The General Partnership
  • Howard Schultz

Other known investors5 additional known investors

Team profiled 20 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇺🇸 United States91.6%
🇸🇦 Saudi Arabia2.4%
🇦🇪 United Arab Emirates1.2%
🇵🇱 Poland1.2%
🇪🇸 Spain1.2%
Top 5 of 6 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Promise on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Promise’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.