Shark Tank star Mark Cuban lead a $3 million seed investment round in the company, saying he was crushed by overdraft fees in his twenties. The CEO of Dave, Jason Wilk, was the former creator of AllScreen, a company which was also originally funded by Cuban who put in a $300,000 investment. After the initial investment in Dave by Cuban and other investors, the total funding of the app has increased to $180 million, after the $50 million investment by Norwest Venture Capital. The Dave app was the Apple App of the Day in April 2017. It has been downloaded 10 million times on iOS, and over a million times on Android devices. In July 2019, the company was named one of the next billion dollar startups by Forbes. In October 2019, Dave received a valuation of US$1 billion, and had over 4 million users.Dave was ranked number five in Inc. Magazine's list of 5,000 fastest growing companies for 2021. Dave went public on NASDAQ via SPAC on Jan 6 2022 through VPC Impact Acquisition Holdings III created by longtime Dave investor Victory Park Capital. The initial valuation was $4 billion.
