US-based payment services company Swipely has raised $20m C-series funding through its latest venture-capital investment round to expand its business by increasing its workforce.
The Series C round of financing was led by Pritzker Group Venture Capital along with existing investors First Round Capital, Index Ventures, and Shasta Ventures.
Go deeper with GlobalData
Swipely stated that the company is keen to expand its work-staff across all the departments, besides accelerating growth to provide services to more restaurants and retailers. The funding round is touted as the largest venture investment in New England in 2014.
With this, the company founded by Angus Davis, has raised total funds of $40.5m through venture financing.
Pritzker Group Venture Capital managing partner Chris Girgenti said, "Swipely is a disruptive company with the vision and momentum to help small business use big data to compete in the networked age. Angus and his veteran team have built a unique SaaS company that is succeeding in bringing online technology to offline merchants."
The company manages over $2bn in annual sales through its market-leading platform.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
