Tech Company Financing Transactions
WePay Funding Round
WePay closed a $7.5 million Series B investment round on 8/13/2010. Investors included Highland Capital Partners and August Capital.
Transaction Overview
Company Name
Announced On
8/13/2010
Transaction Type
Venture Equity
Amount
$7,500,000
Round
Series B
Investors
Highland Capital Partners (Lead Investor) (Peter Bell)
Proceeds Purpose
The financing will be used to expand marketing efforts, build out operations and engineering infrastructure and address rapidly growing consumer demand.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
455 Portage Ave. B
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Website
Email Address
Overview
WePay is a payment tool that allows users to instantly create accounts for anything.These accounts provide electronic billing and collection through echecks, credit cards, and paper checks, and enable transparent spending through WePay debit cards, online bill pay, and electronic transfers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
William Clerico
Chief Financial Officer
John Frerichs
Chief Operating Officer
Tina Hsiao
Chief Scientific Officer
Richard Aberman
VP - Engineering
Chris Conrad
VP - Sales
Jennifer Parker
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About Database of VC Transactions
We do our best to record tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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