Press Release

With Help from Ballard Spahr, EarlyBird Earns $4 Million in Seed Fundraising

November 23, 2021

Ballard Spahr represented wealth creation platform EarlyBird in its recent $4 million round of seed funding.

EarlyBird helps parents prepare for the security of their children's financial future by opening custodial investment accounts and allowing family and friends to make financial contributions as gifts. Its seed funding round was led by Alexis Ohanian's Seven Seven Six, followed by strategic participation from Gemini's Frontier Fund, along with Rarebreed Ventures, Fiat Ventures, Network Ventures, NBA Player Thaddeus Young's Reform Ventures, and Alex Lieberman, executive chairman and co-founder of Morning Brew, among others.

Ballard Spahr Emerging Companies and Venture Capital Associate Kimberly W. Klayman represented EarlyBird, alongside Gregory L. Seltzer, Practice Leader of the firm's Emerging Companies and Venture Capital Group, and Associate Ignacio Celis-Aguirre. Ms. Klayman and her colleagues in the Emerging Companies and Venture Capital Group help emerging companies thrive by shepherding them through all lifecycle stages, from entity formation and angel and seed financing to preferred financing rounds, and ultimately through a sale or initial public offering. Members of the group are drawn from practice areas that are integral to such efforts—business and finance, intellectual property, labor and employment, tax, health care, government relations, and litigation.

For further information, please see EarlyBird’s press release.

For media inquiries, please contact Will Ashenmacher at 612.371.5792.

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