Liveoak Announces $2.5 Million Investment

Liveoak Technologies today announced that it has raised a $2.5-million equity investment from Broadhaven Capital Partners and Wild Basin Investments, along with Manulife, Northwestern Mutual Future Ventures and Prudential’s Gibraltar Ventures. Additional investors include Techstars Venture Capital Fund, MATH Venture Partners, Zelkova Ventures, and industry leader Glenn Shimkus, founder of Cartavi and former VP of product for DocuSign.

Founded in 2015 by Andy Ambrose and Pete Rung, Liveoak provides enterprises with onboarding, identity verification and transaction tools to keep human interaction in the digital customer experience.

“Liveoak has created an innovative solution to solve a problem that transforms businesses and enables more efficient completion of transactions,” said Michael Sidgmore, venture partner at Broadhaven Capital Partners. “Liveoak’s technology is transformative for the digital transaction management process – if esignature solutions have solved the last mile problem for the digital completion of transactions, we see Liveoak as the solution that enables enterprises to get to the last mile faster.”