Friday March 29, 2019 0 comments
SEATTLE -- Boundless Immigration, a Seattle-based technology firm that helps immigrants navigate the green card and citizenship processes, announced it raised $7.8 million in a Series A financing led by Boulder-based Foundry Group.
Industry Ventures and Forefront Venture Partners also participated in the round and were joined by existing investors Trilogy Equity Partners, Pioneer Square Labs, Two Sigma Ventures, and Founders’ Co-op, which previously invested $3.5 million in 2017.
The funds will help Boundless expand its offerings and scale up its operations, the company said.
“When my parents immigrated to the United States from China 30 years ago, they spent five months’ worth of rent on legal fees so we could live in this country legally,” said Xiao Wang, co-founder and CEO of Boundless Immigration.
“I started Boundless believing that immigrants are vital to America’s culture and economy, and we’re committed to making the immigration process faster, easier, and more affordable. I’m proud that Boundless has supported thousands of families over the past two years.
“This round of financing will enable us to help even more families achieve their American Dream.”
The company’s first product, which helps couples apply for a green card through marriage, quickly became the market leader. The company earlier this year released its second product, guiding eligible green card holders through the naturalization process to become U.S. citizens. With this new round of funding, Wang aims to establish Boundless as the one-stop shop for the over 2 million people who navigate the family-based immigration system every year.
“One of my grandparents immigrated to America to escape pogroms in Russia,” said Brad Feld, co-founder of Foundry Group. “If America’s immigration system was as hard then as it is now, I may well not have ever been born.
“We have been long-time supporters of legal immigration and have faith in Xiao’s vision to build the first brand in the industry. I also see investing in Boundless and companies like it as a moral obligation, a chance to pay it forward.
“I’m honored Foundry Group could be a part of the next stage of Boundless’ growth.”