Atlanta based Greenlight® Financial Technology announced that it has hired its first Chief Legal Officer as the company advances to its next stage of growth.
“Greenlight continues to lead the family finance category, helping more than 5 million parents and kids learn to earn, save and invest together,” said Tim Sheehan, co-founder and CEO of Greenlight. “
Spear joins from Nelson Mullins Riley & Scarborough LLP, where he led the firm's industry-leading Emerging Companies practice, advising high-growth technology companies, venture capital firms and angel investors. Doug has served as Greenlight’s lead outside counsel since 2015. He brings extensive experience across legal strategy, financing, corporate governance and M&A to Greenlight, where he will lead the company’s legal and compliance divisions.
“Greenlight has seen tremendous growth over the past year as millions are discovering its leading fintech solution to help parents raise financially-smart kids,” said Doug Spear. “I have enjoyed working with the team for many years, and I am honored to help support this exceptional business in my new role as it continues on its high-growth trajectory.”
Greenlight serves more than 5 million parents and kids, who have collectively saved more than $225 million and invested more than $10 million towards their financial futures. Within the past year, the company surpassed $100 million in annualized recurring revenue. To date, Greenlight has raised more than $550 million and was valued at $2.3 billion during its Series D funding in April 2021.