Tech Company Financing Transactions
SumUp Funding Round
SumUp closed a $307.7 million financing round on 12/11/2023. Investors included Sixth Street Growth, Bain Capital Tech Opportunities and Fin Capital.
Transaction Overview
Company Name
Announced On
12/11/2023
Transaction Type
Venture Equity
Amount
$307,670,000
Round
Undisclosed
Investors
Sixth Street Growth (Lead Investor)
Bain Capital Tech Opportunities (Darren Abrahamson)
Proceeds Purpose
It plans to use the money to continue growing its business organically, launching more financial services around the card readers and other point-of-sale tools -- it currently offers invoicing, loyalty, business accounts and more. It's also eyeing up more geographies beyond the 36 where it is currently active.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
32-34 Great Marlborough St
Carnaby, London, W1F 7JB
UK
Carnaby, London, W1F 7JB
UK
Phone
Website
Email Address
Overview
SumUp is a leading financial technology company, focused primarily on mobile payments. The company operates across 32 markets on three continents.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Klein
Browse more venture capital transactions:
Prev: 12/11/2023: Louélec venture capital transaction
Next: 12/11/2023: GFO-X venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC transactions on this site are derived from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs