Sourcery Receives $5,000,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1e30bfbe-e29f-4ca7-963d-859c3538c64e
Date
9/14/2016
Company Name
Sourcery
Mailing Address
212 Clara St. San Francisco, CA 94107 USA
Company Description
We build economically sustainable food systems by offering products and services that empower our users to streamline their business operations.
Website
http://www.getsourcery.com
Transaction Type
Venture Equity
Transaction Amount
$5,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The new funding will be used to expand the company’s core digital invoice and payments processing technologies, adding accounts receivable capabilities for vendors who receive payments through the platform. In addition, the funds will enable the company to build enterprise-level features designed to support large chain restaurants and retailers.
M&A Terms
Venture Investor
Marker
Venture Investor
Steadfast Venture Capital