Tech Company Financing Transactions

Stax Funding Round

Stax, based in Orlando, received $1.4 million from Florida Angel Investors, private investors and venVelo.

Transaction Overview

Company Name
Announced On
5/16/2016
Transaction Type
Venture Equity
Amount
$1,400,000
Round
Undisclosed
Proceeds Purpose
The company, which has now raised $2.25m in total funding, will use the funding for continued product and technological developments, as well as marketing and customer acquisition.

Company Information

Company Status
Private & Independent
Industry
ECommerce
Mailing Address
100 S Orange Ave. 400
Orlando, FL 32801
USA
Email Address
Overview
Stax (formerly Fattmerchant( provides a merchant service offering unlimited payment processing at direct cost for a flat monthly membership and no contract. The company, which currently has 25 employees, has plans to build a new suite of technology tools for customers, featuring an advanced mobile platform.
Profile
Stax LinkedIn Company Profile
Social Media
Stax Company Twitter Account
Company News
Stax News
Facebook
Stax on Facebook
YouTube
Stax on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Suneera Madhani
  Suneera Madhani LinkedIn Profile  Suneera Madhani Twitter Account  Suneera Madhani News  Suneera Madhani on Facebook
Chief Operating Officer
Sal Rehmetullah
  Sal Rehmetullah LinkedIn Profile  Sal Rehmetullah Twitter Account  Sal Rehmetullah News  Sal Rehmetullah on Facebook
Chief Technical Officer
Jacques Fu
  Jacques Fu LinkedIn Profile  Jacques Fu Twitter Account  Jacques Fu News  Jacques Fu on Facebook
VP - Bus. Development
Lyndsey Lang
  Lyndsey Lang LinkedIn Profile  Lyndsey Lang Twitter Account  Lyndsey Lang News  Lyndsey Lang on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/16/2016: AtScale venture capital transaction
Next: 5/16/2016: ProviaLabs venture capital transaction

 

Share this article

 


Where The Data Comes From

We do our best to document all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary