Paydiant Secures $7,600,000 Series A Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b71bf1d2-1137-4904-bda9-44f83638534c&Preview=1
Date
2/22/2011
Company Name
Paydiant
Mailing Address
Undisclosed Boston, MA 02142
Company Description
The company operates an online service that facilitates online payments via mobile phones.
Website
http://www.Paydiant.com
Transaction Type
Venture Equity
Transaction Amount
$7,600,000
Transaction Round
Series A
Proceeds Purposes
The investment will be used to accelerate product development, sales and marketing for Paydiant, which plans to formally launch later this year.
M&A Terms
Venture Investor
North Bridge Venture Partners
Venture Investor
General Catalyst Partners