Tech Company Financing Transactions
Grazzy Funding Round
Next Coast Ventures and Tuesday Capital participated in a $4.3 million funding round for Grazzy. The round was announced on 1/23/2023.
Transaction Overview
Company Name
Announced On
1/23/2023
Transaction Type
Venture Equity
Amount
$4,250,000
Round
Undisclosed
Investors
Next Coast Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate growth across large hotel brands and operating groups, restaurant groups, and salons, and support the continuation of integrations between the platform and the major systems (PMS, HMA, and POS) hospitality and service businesses use to run their operations.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
824 West 10th St 200
Austin, TX 78701
USA
Austin, TX 78701
USA
Phone
Undisclosed
Website
Email Address
Overview
Grazzy helps hourly employees make more money, access it same day, and save and spend in better ways. By improving financial wellness for front line workers, Grazzy reduces retention and recruiting costs for hotels, bars, restaurants, and salons. Our extensible payments platform enables digital tipping, instant tip-outs, and inclusive banking solutions that are built to scale with hospitality and services businesses of any size.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Russell Lemmer
Browse more venture capital transactions:
Prev: 1/23/2023: Share Creators venture capital transaction
Next: 1/23/2023: GoodVision venture capital transaction
Share this article
About Database of VC Transactions
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs