In Depth

StartUp RoundUp: Guess Who’s Headed to the Bank?

New ways to raise money, meet other businesses and battle fraud drove some very happy start-ups all the way to the bank. Find out who got how much and from whom.

Several payments startups, including an Israeli e-commerce anti-fraud company, highlight this week’s Startup Roundup. Another company, CircleUp, has developed a new way to benefit from crowdfunding and facilitates networking among other startups.

Vend – March 25, $20 Million

Vend, a fast-growing online point-of-sale software provider, has announced $20 million in new funding.

Vend’s service provides cloud-based POS and can be operated from any device or platform with a Web-browser.

PayPal’s Peter Thiel, Valar Ventures and Square Peg led the Series B round.

Vend reportedly will use the new funds to expand its presence in the North American market through new partnerships, resellers, staff and customers across the continent.

Forter – March 25, $3 Million

Israeli eCommerce and security startup Forter has announced $3 million in Series A funding.

Forter launched earlier this year at Citi’s Innovation Center in Tel Aviv.

Sequoia Capital led the round, Broadway World reported on March 25.

“We’re thrilled to announce our funding round with Sequoia,” said Forter’s CEO Michael Reitblat. “Sequoia’s track record in helping to bring tech companies to market is very impressive just look at WhatsApp and their investment in Forter underscores our technology and its potential.”

GoCoin – March 26, $1.5 Million

GoCoin, an international payment platform for digital currencies, has raised $1.5 million in new funding.

GoCoin says it is the only currency-agnostic payment platform.

The company announced that Bitcoin Shop Inc., Owen Van Nattam and Crypto Currency Parters led the round.

“We’ve had an international multi-currency focus since day one, and this round will help extend our global footprint and take our services to the next level,” founder and CEO of GoCoin, Steve Beauregard, said in a statement.

The funding will go toward improving the company’s global sales force.

Circle – March 26, $17 Million

Bitcoin company Circle Internet Financial has announced $17 million in Series B funding.

Breyer Capital, Accel Partners and General Catalyst Partners and others took part in the round.

“We are thrilled to have such a strong showing of support and vote of confidence from world-class investors and strategic individuals as we move into the commercial phase of Circle,” reported Circle founder, chairman and chief executive officer, Jeremy Allaire, in a statement.

CircleUp – March 26, $14 Million

Equity crowdfunding and networking startup CircleUp announced it has raised $14 million in new funding.

Canaan Partners, Google Ventures, and Union Square Ventures, among others, led the round.

The funds will develop the company’s engineering and design departments.

2can – March 31, $5 Million

Russian mobile-payments startup 2can has announced $5 million in Series B funding.

InVenture Partners, Almaz Capital Partners and ESN Group participated in the round, Tech Crunch reported on March 31.

Similar to Square and iZettle, 2can allows merchants to use smartphones or tablets as secure terminals for accepting card payments.

2can plans to use the funding to better integrate with leading Russian banks and accelerate the product.

Ahonya – March 31, Seed Funding Complete

Ghana leading shopping site Ahonya has completed a seed funding round.

Rio Partners and Savannah Fund conducted the round.

Ahonya allows Ghanaian consumers to shop online for electronics.

Indix – March 28, $8.5 Million

Big data startup Indix has raised $8.5 million in Series A1 funding.

The funding came from Indix’s previous investors, Avalon Ventures and Nexus Partners.

Indix will focus the funding on R&D development and Market activities, reports Cool

ThreatMetrix – March 28, $20 Million

Context-based security company ThreatMetrix reportedly has secured $20 million in Series E funding.

“Adams Street Partners led the investment round of $20 million in capital, with all existing ThreatMetrix institutional investors also participating in the investment,” according to a March 27 press release.

“This financing will enable us to expand the depth and breadth of The Network, grow our customer base and continuously build new capabilities into the TrustDefender Cybercrime Protection Platform to protect against rapidly evolving cyber threats,” Reed Taussig, president and CEO, explained in a statement.


New PYMNTS Report: The CFO’s Guide To Digitizing B2B Payments – August 2020 

The CFO’s Guide To Digitizing B2B Payments, a PYMNTS and Comdata collaboration, examines how companies are updating their AP approaches to protect their cash flows, support their vendors and enable their financial departments to operate remotely.

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