Total amount raised
$98 Million
Latest funding date
08/01/2022
Location
Paystand has successfully raised funding over 8 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 22 investors, including Gaingels and Open Opportunity Fund.
Keep reading to explore the intricacies of Paystand's fundraising journey and the investors backing this innovative platform.
What Is Paystand?
Paystand is a cloud-based billing and payment platform designed for B2B companies. Operating within the FinTech industry, it offers solutions for billing and payments, leveraging blockchain and cloud technology to modernize financial transactions.
Founded in Scotts Valley, California, Paystand has a workforce of 51-100 employees. The company aims to create an open financial system by digitizing and automating the entire cash lifecycle, eliminating transaction fees, and enabling new revenue streams.
How Much Funding Has Paystand Raised?
- Series Unknown
- Amount Raised: USD 285,004
- Date: November 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support ongoing operations and development.
- Series Unknown
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support ongoing operations and development.
- Series C
- Amount Raised: USD 50,000,000
- Date: July 2021
- Lead Investors: NewView Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and development efforts.
- Series B
- Amount Raised: USD 20,000,000
- Date: February 2020
- Lead Investors: DNX Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enhance product offerings.
- Series A
- Amount Raised: USD 6,000,000
- Date: November 2017
- Lead Investors: BlueRun Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series A
- Amount Raised: USD 20,000,000
- Date: September 2017
- Lead Investors: LEAP Global Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Convertible Note
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide initial capital for business operations.
- Seed
- Amount Raised: USD 2,000,000
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and develop the initial product.
Paystand has raised a total of USD 98,285,004. The current valuation is not publicly disclosed.
Key Investors
- NewView Capital
- Details: NewView Capital is a venture capital firm that focuses on growth-stage technology companies. Jazmin Medina from NewView Capital joined Paystand's board following their investment.
- Investment Focus Areas: Technology companies, growth-stage companies.
- Notable Investments: Duolingo, Plaid, Scopely.
- SoftBank’s Opportunity Fund
- Details: SoftBank’s Opportunity Fund invests in companies led by founders of color, focusing on technology and innovation. They participated in Paystand's Series C funding round.
- Investment Focus Areas: Technology, companies led by founders of color, innovation.
- Notable Investments: Greenwood, Cityblock Health, Logikcull.
- King River Capital
- Details: King River Capital is a venture capital firm that invests in early to growth-stage technology companies. They participated in Paystand's Series C funding round.
- Investment Focus Areas: Technology, early-stage companies, growth-stage companies.
- Notable Investments: Lendi, Cover Genius, Lexer.
- Industrious Ventures
- Details: Industrious Ventures focuses on early-stage technology startups. They participated in Paystand's Series C funding round.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Not explicitly mentioned.
- Transform Capital
- Details: Transform Capital invests in technology companies with a focus on transformative and disruptive innovations. They participated in Paystand's Series C funding round.
- Investment Focus Areas: Technology, transformative innovations, disruptive innovations.
- Notable Investments: Not explicitly mentioned.
What's Next for Paystand?
Paystand stands at the cusp of significant growth opportunities, driven by its innovative use of blockchain and cloud technology. With over 250,000 businesses already utilizing its network, the company is poised to further automate the enterprise cash cycle, reduce transaction fees, and enable new revenue streams. The B2B payment industry, valued at $125 trillion, offers a vast market for Paystand to tap into.
Future fundraising opportunities appear promising, given the successful Series C round and the involvement of high-profile investors like NewView Capital and SoftBank’s Opportunity Fund. These investments will likely fuel further expansion and technological advancements, positioning Paystand for continued growth.
However, challenges remain. The company must navigate competition from established fintech firms and traditional financial institutions, address regulatory hurdles, and ensure the security and scalability of its blockchain network. Overcoming these obstacles will be crucial for Paystand to maintain its momentum and achieve its ambitious goals.
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