Press Release May 24, 2021

Stavvy Announces Over $40 Million in Series A Financing

The Fintech and Proptech teams advised Stavvy on its $40+ million Series A funding round. The round was led by Morningside Technology Ventures. It is the largest Series A in New England fintech and proptech history.

Stavvy is a Boston-based, venture-backed fintech and proptech company that designs platforms to manage security risk, eliminate fragmentation, and increase speed, efficiency, and transparency in lending and banking. Stavvy was co-founded by Kosta Ligris, an Entrepreneur in Residence at the Martin Trust Center for MIT Entrepreneurship, and Josh Feinblum, former Chief Security Officer of DigitalOcean and CISO of Rapid7.

Morningside Technology Ventures is a private equity and venture capital investment firm based in Cambridge and Hong Kong.

The investment will be used to expand the Stavvy’s aggressive hiring initiative to accelerate growth in paperless and digital solutions for banking and lending, which has seen explosive demand and interest especially in loan servicing, a critical solution during the COVID-19 pandemic as Americans under financial duress continue to face losing their homes.

The Goodwin team was led by Bill Schnoor, Kristin Gerber, Jason Goldfarb, and Khalid Elwanni (Corporate), and included Kim Prior (SPV) and Mike Kendall (Opinion), with invaluable assistance from Coleen Doyle, Scott Zilora, and Natasha Dimond.  

For more details, read the press release