Announced
Completed
Financials
Sources
Tags
payments
Single Bidder
Payments / Commerce
United States
Private Equity
Venture Capital
Minority
Private
Domestic
Friendly
Acquisition
Completed
Synopsis
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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