Braintree said Wednesday that it raised a $35 million Series B round of funding led by New Enterprise Associates . Existing investors, including Accel Partners, RRE Ventures and Greycroft, also participated. Chicago-based Braintree, a payments platform for online and mobile commerce, has raised a total of $70 million in funding.
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Accel Partners makes headlines for its investments in big name Internet companies, such as Facebook, Groupon and Rovio, the maker of the Angry Birds game. But peel back the Web 2.0 onion several layers and you will see where this successful venture capitalist really thinks it can make money. The firm announced a $34 million [...]
Braintree said Wednesday it raised a $34 million Series A round from Accel Partners. Braintree of Chicago is an online and mobile payments company. PRESS RELEASE BRAINTREE RAISES $34MM SERIES A FROM ACCEL PARTNERS Chicago, IL – June 29, 2011 – $34 million is a lot of money for a Series A investment and Accel [...]