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Total amount raised
$117M
Latest funding date
2025-11-25
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.
Paystand has raised funding across multiple rounds, backed by prominent investors including NewView Capital, SoftBank's Opportunity Fund, DNX Ventures, and BlueRun Ventures.
Keep reading to explore Paystand's fundraising journey, from its 2014 seed round to its most recent funding activity.
What Is Paystand?
Paystand is a blockchain-enabled B2B payments platform headquartered in Scotts Valley, California. Founded in 2013 by CEO Jeremy Almond, Paystand operates a zero-fee payment network that helps mid-market and enterprise companies digitize and automate their entire cash lifecycle — from invoicing to settlement. The platform leverages blockchain and cloud technology to make commercial payments frictionless, transparent, and fee-free for businesses.
How Much Funding Has Paystand Raised?
- Seed Round
- Amount Raised: USD 1,000,000 (initially announced; later sources indicate up to $2M–$6.3M including follow-on seed activity)
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Other Investors: Cervin Ventures, Serra Ventures, Central Coast Angels, TiE
- Series A
- Amount Raised: USD 6,000,000
- Date: November 2017
- Lead Investors: BlueRun Ventures
- Other Investors: Cervin Ventures, Serra Ventures, Capital for Founders, LEAP Global Partners, TiE
- Series B
- Amount Raised: USD 20,000,000
- Date: February 2020
- Lead Investors: DNX Ventures
- Other Investors: Battery Ventures, Epic Ventures, Commerce Ventures, Wildcat Ventures, LEAP Global Partners, BlueRun Ventures
- Series C
- Amount Raised: USD 50,000,000
- Date: July 2021
- Lead Investors: NewView Capital
- Other Investors: SoftBank's Opportunity Fund, King River Capital, Industrious Ventures, Transform Capital
- Venture Round (Series Unknown)
- Amount Raised: USD 31,000,000 (approximately)
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Notes: Round valued Paystand at over $1 billion, making it a unicorn; coincided with the acquisition of Yaydoo
- Venture Round (Series Unknown)
- Amount Raised: USD 285,004
- Date: November 2025
- Lead Investors: Not publicly disclosed
- Other Investors: Gaingels, Open Opportunity Fund (noted as most recent investors per Crunchbase)
Total Amount Raised: At least $107M based on disclosed funding rounds (Seed ~$1M + Series A $6M + Series B $20M + Series C $50M + 2022 Venture ~$31M + 2025 round ~$285K). Some sources cite total raised as approximately $117M when including all equity tranches.
Key Investors
- NewView Capital
- Details: Led Paystand's $50M Series C in July 2021. Jazmin Medina of NewView Capital joined Paystand's board as part of the investment. NewView Capital is a venture firm focused on driving sustainable growth for technology companies.
- SoftBank's Opportunity Fund
- Details: Participated in Paystand's Series C round in July 2021. SoftBank's Opportunity Fund is an initiative by SoftBank Group investing in companies with diverse founders.
- DNX Ventures
- Details: Led Paystand's $20M Series B in February 2020. DNX Ventures is a Silicon Valley and Tokyo-based venture capital firm focused on B2B startups.
- BlueRun Ventures
- Details: Led Paystand's $6M Series A in November 2017 and participated in the Series B. BlueRun Ventures is a venture capital firm with offices in Silicon Valley and Asia, specializing in mobile and enterprise technologies.
- King River Capital
- Details: Participated in the Series C round in July 2021. King River Capital is an Australian-based venture capital firm investing in technology companies with global ambitions.
- Gaingels
- Details: Listed among Paystand's most recent investors per Crunchbase, participating in later-stage rounds. Gaingels is a venture community investing in LGBTQ+-led companies and allies.
What's Next for Paystand?
Paystand is focused on continuing to grow its B2B payments network and expanding its blockchain-based platform to more enterprises globally. With its unicorn status achieved in 2022 and a growing customer base, the company is positioned to further disrupt commercial finance. Its acquisition of Yaydoo extended its footprint into Latin America, and the subsequent acquisition of Bitwage in November 2025 signals a move into stablecoin-enabled global payouts. Paystand's philanthropic arm, Paystand.org, continues to advance financial inclusion through Bitcoin and blockchain initiatives.
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