StreetShares Moves Headquarters

StreetShares announced yesterday that it has moved to another location in Reston, Virginia in order to accommodate its growing staff, according to the company’s blog. From January of this year to August, SteetShares says it has doubled the size of its workforce and the new space is 10,300 square feet, more than four times the size of the previous office.

Established in 2013 in the home basement of CEO Mark Rockefeller, StreetShares offers term loans, lines of credit and a factoring product, with a focus on funding veteran-owned small businesses. Rockefeller is a veteran himself.

According an SEC filing for StreetShares, for the six months ending December 31, 2017, the company generated $1,533,143 in revenue and spent $3,224,131, for a net loss of $2,673,466. The company also received capital at the beginning of 2018, with the completion of a $23 million series B round in January.

StreetShares’ new office has a “tech” aesthetic.

“No cubicles or offices allowed,” Rockefeller said. “Standing desks, teams working together in pods, as well as glass, metal, and exposed concrete reflect a technology startup. And vintage World War II posters and an enormous American flag remind our team of the special members we serve.”

Todd Stone was a reporter for deBanked.