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New Deal


Announced

Completed

Thrive Capital and General Catalyst led a $250m Series D funding round in Melio.

Financials

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Transaction Value£180m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

payments platform

Private

Friendly

Domestic

Acquisition

Minority

Venture Capital

United States

FinTech

Completed

financial software

fintech

Synopsis

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Private equity firms Thrive Capital and General Catalyst led a $250m Series D funding round in Melio, a developer of a B2B payments platform. Additional investors include Tiger Global, Accel, Bessemer, Coatue, Corner Ventures, and Latitude. "Melio is leveling the playing field for small businesses, empowering them with solutions focused on cash flow and workflow issues, which are critical for small business owners. Since our initial investment in Melio, I've worked closely with Matan. I've been very impressed with his leadership and with what he and the team have accomplished. Most importantly, I am very excited about the opportunity that lies ahead of them as one of the fastest growing companies in the small business payments space," Ken Chenault, General Catalyst Chairman and Managing Director.

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