, which markets web-based invoicing services, has closed a financing round of $50 million. The company intends to use the proceeds to fuel growth on the heels of doubling its business in the last 12 months. The latest round brings the amount the company has raised to more than $100 million.

Funds came from Silicon Valley Bank, which joined existing investors DCM Ventures, Scale Venture Partners, August Capital, Napier Park Global Capital, American Express Ventures and Commerce Ventures. Founder and CEO Renee Lacerte said, “With this new capital, we will continue to expand our core technology and fulfill our promise to deliver digital payments solutions to businesses nationwide.”

Last modified on Tuesday, 24 February 2015
Read 2054 times
Rate this item
(0 votes)
Tagged under

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline