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Announced

Completed

GSV, HarbourVest Partners and Blue Star Innovation led a $245m funding round in Stax.

Financials

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Transaction Value£186m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Friendly

Payments / Commerce

Completed

Minority

Private

Venture Capital

payments platform

Private Equity

Domestic

Synopsis

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Three investment firms GSV, HarbourVest Partners and Blue Star Innovation led a $245m funding round in Stax, an all-in-one payments platform. “Stax is a rapidly-growing company that is changing the way businesses conduct and scale their payments, which is why we chose to invest in them. The Covid-19 pandemic escalated the need for dynamic, flexible and digital payment options all the way from small businesses to enterprise organizations and the software vendors that serve them. Fintech is rapidly evolving, and Stax is adapting just as quickly, ensuring their customers can do the same," Rob Wechsler, Blue Star Founder and CEO.

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