What is Plastiq?
Founded in 2012 and headquartered in San Francisco, California, Plastiq operates a Business Payment Platform designed to streamline how businesses make and accept payments. The company's core offering simplifies complex payment processes, enabling businesses to leverage their existing credit lines for a wider range of business expenses, thereby improving cash flow management and operational efficiency. Plastiq's platform serves as a critical financial tool for businesses seeking to optimize their payment strategies.
How much funding has Plastiq raised?
Plastiq has raised a total of $115.1M across 7 funding rounds:
Unspecified
$2.3M
Series A
$6M
Series B
$10M
Private Equity
$2.9M
Unspecified
$27M
Series C
$27M
Debt
$40M
Unspecified (2012): $2.3M, investors not publicly disclosed
Series A (2013): $6M led by NextView Ventures, Flybridge Capital Partners, Greenoaks Capital Management, and Atlas Venture
Series B (2014): $10M supported by Khosla Ventures, Flybridge Capital partners, and Atlas Venture
Private Equity (2016): $2.9M, investors not publicly disclosed
Unspecified (2018): $27M backed by Top Tier Capital Partners, Khosla Ventures, and Atlas Ventures
Series C (2018): $27M with participation from Kleiner Perkins Caufield & Byers and DST Global
Debt (2022): $40M led by Blue Torch Capital
Key Investors in Plastiq
Top Tier Capital Partners
Top Tier Capital Partners is an investment manager specializing in venture capital, with a focus on primary commitments to venture funds, LP and direct secondaries, and direct investments. They provide value through their deep networks, industry insights, and superior client service, working collaboratively with limited partners and entrepreneurs to build successful technology companies.
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm focuses on a broad range of areas including consumer, enterprise, ai, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a Menlo Parkbased venture capital firm that raises dedicated funds and invests in early and growthstage technology and lifescience companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
What's next for Plastiq?
With the recent major strategic investment, Plastiq is poised for accelerated growth and enhanced service offerings. The company's focus on enterprise-level solutions suggests a strategic push towards larger market segments and potentially new product development. This capital injection will likely support scaling operations, expanding its customer base, and further developing its technology to maintain a competitive edge in the dynamic fintech landscape. The company's trajectory indicates a strong emphasis on innovation and market penetration.
See full Plastiq company page
