Tech Company Financing Transactions

WePay Funding Round

WePay closed a $15 million Series C funding round on 1/16/2014. Investors included private investors, August Capital and Highland Capital Partners.

Transaction Overview

Company Name
Announced On
1/16/2014
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series C
Investors

private investors (Lead Investor) (Phil Purcell)

August Capital (David Hornik)

Highland Capital Partners (Peter Bell)

Ignition Partners (Christopher Howard)

private investors (Max Levchin)

private investors (Raymond Tonsing)

Webb Investment Network

Proceeds Purpose
The company will use the funds to accelerate its growth through further investments in its payments API product and international expansion.

Company Information

Company Status
Private & Independent
Industry
ECommerce
Mailing Address
455 Portage Ave. B
Palo Alto, CA 94306
USA
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
WePay LinkedIn Company Profile
Social Media
WePay Company Twitter Account
Company News
WePay News
Facebook
WePay on Facebook
YouTube
WePay on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
William Clerico
  William Clerico LinkedIn Profile  William Clerico Twitter Account  William Clerico News  William Clerico on Facebook
Chief Financial Officer
John Frerichs
  John Frerichs LinkedIn Profile  John Frerichs Twitter Account  John Frerichs News  John Frerichs on Facebook
Chief Operating Officer
Tina Hsiao
  Tina Hsiao LinkedIn Profile  Tina Hsiao Twitter Account  Tina Hsiao News  Tina Hsiao on Facebook
Chief Scientific Officer
Richard Aberman
  Richard Aberman LinkedIn Profile  Richard Aberman Twitter Account  Richard Aberman News  Richard Aberman on Facebook
VP - Engineering
Chris Conrad
  Chris Conrad LinkedIn Profile  Chris Conrad Twitter Account  Chris Conrad News  Chris Conrad on Facebook
VP - Sales
Jennifer Parker
  Jennifer Parker LinkedIn Profile  Jennifer Parker Twitter Account  Jennifer Parker News  Jennifer Parker on Facebook


 

 

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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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