Total amount raised
Latest funding date
Location
Stax has successfully raised funding over multiple rounds, establishing itself as a key player in the payment solutions industry. The platform offers a range of services, including Stax Pay, Stax Connect, Stax Bill, and CardX by Stax.
Keep reading to explore the intricacies of Stax's fundraising journey and the investors backing this innovative platform.
What Is Stax?
Stax is a prominent player in the payment processing and financial technology industry. The company offers a range of services designed to empower software platforms, small businesses, and large enterprises through integrated payment and recurring billing solutions.
Based in Cincinnati, OH, and Columbus, GA, Stax is associated with Fifth Third Bank and Synovus Bank. The company provides comprehensive solutions such as Stax Connect, Stax Pay, Stax Bill, and CardX by Stax, aiming to drive efficiency and enhance revenue opportunities for its clients.
How Much Funding Has Stax Raised?
- Amount Raised: $4.3 million
- Date: January 2018
- Lead Investors: Panoramic Ventures
- Amount Raised: $10 million
- Date: March 2019
- Lead Investors: Panoramic Ventures, Grotech Ventures
- Amount Raised: $17 million
- Date: July 2020
- Lead Investors: Panoramic Ventures, Grotech Ventures, Harbor View Advisors
- Amount Raised: $245 million
- Date: March 2021
- Lead Investors: Greater Sum Ventures, HarbourVest Partners
In total, Stax has raised $276.3 million.
Key Investors
- Panoramic Ventures
- Details: Panoramic Ventures is a venture capital firm that invests in early-stage technology companies. They aim to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, healthcare, software
- Notable Investments: SalesLoft, Terminus, Greenlight
- Grotech Ventures
- Details: Grotech Ventures is a leading early investor in high-potential technology companies. They provide capital and strategic support to help companies scale.
- Investment Focus Areas: Technology, cybersecurity, digital media
- Notable Investments: LogRhythm, LivingSocial, Optoro
- Harbor View Advisors
- Details: Harbor View Advisors is a strategic advisory and investment firm. They focus on providing growth capital and strategic guidance to emerging companies.
- Investment Focus Areas: Financial services, technology, healthcare
- Notable Investments: Not publicly disclosed
- Greater Sum Ventures
- Details: Greater Sum Ventures is a private equity firm that partners with founder-led companies. They focus on long-term growth and value creation.
- Investment Focus Areas: Healthcare, technology, business services
- Notable Investments: Therapy Brands, Azalea Health, Sycle
- HarbourVest Partners
- Details: HarbourVest Partners is a global private markets investment firm. They provide innovative solutions to institutional investors worldwide.
- Investment Focus Areas: Private equity, venture capital, real assets
- Notable Investments: Not publicly disclosed
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