Tech Company Financing Transactions

PayNearMe Funding Round

PayNearMe secured a $16 million Series C financing round on 11/16/2010. Investors included Khosla Ventures, August Capital and Maveron.

Transaction Overview

Company Name
Announced On
11/16/2010
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Series C
Investors

Khosla Ventures (Lead Investor) (David Weiden)

August Capital (David Hornik)

Maveron (Daniel Levitan)

True Ventures (Jon Callaghan)

Proceeds Purpose
The company will use the funds to expand its network of retailer payment locations and payees, and to launch new service offerings, including its new mobile payment option, announced separately today.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
292 Gibraltar Dr. 104
Sunnyvale, CA 94089
USA
Email Address
Overview
PayNearMe enables consumers to pay conveniently with cash for a wide variety of goods and services from leading companies in e-commerce, direct response and catalog marketing, consumer finance and beyond at a local store, starting with more than 6,000 7-Eleven stores across the United States.
Profile
PayNearMe LinkedIn Company Profile
Social Media
PayNearMe Company Twitter Account
Company News
PayNearMe News
Facebook
PayNearMe on Facebook
YouTube
PayNearMe on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Danny Shader
  Danny Shader LinkedIn Profile  Danny Shader Twitter Account  Danny Shader News  Danny Shader on Facebook
Chief Technical Officer
Kurt Thams
  Kurt Thams LinkedIn Profile  Kurt Thams Twitter Account  Kurt Thams News  Kurt Thams on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/16/2010: Virident Systems venture capital transaction
Next: 11/16/2010: Yummly venture capital transaction

 

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About Our Venture Capital Transactions Database

We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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