Total amount raised
$69 Millions
Latest funding date
09/01/2012
Location
Braintree, now part of PayPal Enterprise Payments, offers a comprehensive suite of payment solutions, including network and PCI compliance, global and local payment methods, PayPal payments, PayPal Pay Later, Venmo for business, and orchestration. The platform boasts $1.53 trillion in total payment volume in 2023, 25 billion transactions annually, and operations in over 200 markets globally.
Keep reading to explore the intricacies of Braintree's fundraising journey and the investors backing this innovative platform.
What Is Braintree?
Braintree, now branded as PayPal Enterprise Payments, operates in the payment processing and financial technology industry. The company provides a comprehensive payment processing solution that supports various payment methods, including PayPal, Venmo, credit and debit cards, and digital wallets.
Located in San Jose, California, Braintree offers features like PCI compliance, fraud management, global payouts, and orchestration. The platform aims to help businesses grow by providing secure, efficient, and scalable payment solutions.
How Much Funding Has Braintree Raised?
- Series A
- Amount Raised: $34M
- Date: June 2011
- Lead Investors: Accel
- Series B
- Amount Raised: $35M
- Date: September 2012
- Lead Investors: New Enterprise Associates
Braintree has raised a total of $69M in funding.
Key Investors
- Accel
- Details: Accel is a venture capital firm that has been investing in technology companies since 1983. They have a global presence with offices in Palo Alto, London, and Bangalore.
- Investment Focus Areas: Software, internet, and consumer services.
- Notable Investments: Facebook, Dropbox, Slack.
- New Enterprise Associates
- Details: New Enterprise Associates (NEA) is one of the world's largest and most active venture capital firms. Founded in 1977, NEA focuses on helping entrepreneurs build transformational businesses across multiple sectors.
- Investment Focus Areas: Technology, healthcare, and energy.
- Notable Investments: Robinhood, Coursera, Uber.
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