Friday Harbor Raises $6M in Seed Round | The SaaS News
Summary
The round was led by Abstract Ventures and Mischief, with participation from Wischoff Ventures and the AI2 Incubator.Abstract Ventures is a San Francisco-based venture capital firm founded in 2016. The firm manages approximately $1.5 billion in assets and focuses on seed and early-stage investments across various sectors, including biotechnology, consumer, crypto-blockchain, and enterprise frontier technology.Mischief is a San Francisco-based early-stage venture capital firm founded in 2021. The firm specializes in pre-seed and seed-stage investments, typically leading funding rounds with check sizes ranging from $1.5 million to $3 million.The company will use the funding to expand its engineering team and support integrations with mortgage Loan Origination Systems (LOS) and point-of-sale platforms.Founded in 2024 by Theo Ellis and Jesse Collins, Friday Harbor provides an AI-powered platform that helps loan officers assemble complete and compliant loan files in real-time. The companys platform utilizes artificial intelligence to automate loan file ingestion, assembly, and underwriting, enabling officers to process financing with reduced friction. Its platform helps lenders tap AI to read and interpret borrower documents, generate a borrower-specific needs list, underwrite files, and flag potential conditions in real-time.