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New Deal


Announced

Completed

Forerunner Ventures led a $56m Series B round in Balance Payments.

Financials

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Transaction Value£46m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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payments

Single Bidder

Payments / Commerce

United States

Private Equity

Venture Capital

Minority

Private

Domestic

Friendly

Acquisition

Completed

Synopsis

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Forerunner Ventures, a venture capital firm, led a $56m Series B round in Balance Payments, a marketplace and eCommerce payments provider, with participation from Salesforce Ventures, Hubspot Ventures, Lyra Ventures, Gramercy Ventures, Jeff Wisener, Marcelo Cortes, Ribbit Capital, Lightspeed Ventures, Avid Ventures, Upwest, and Jibe. “From my time at PayPal, I realized no one was tapping into the opportunity to unlock the potential of B2B eCommerce and marketplaces payments. We’ve entered the fourth ‘Industrial Revolution’ that will take global trade online, creating a truly efficient market. Balance is bringing centuries-old systems into the modern-age through the power of digitization," Bar Geron, Balance CEO and Co-Founder.

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