What is Plastiq?
Founded in 2012 and headquartered in San Francisco, Plastiq operates as a sophisticated financial technology firm specializing in the modernization of business payment processes. The company provides a comprehensive Business Payment Platform that enables organizations to both make and accept payments with greater flexibility and efficiency. By bridging the gap between traditional payment methods and digital financial workflows, Plastiq has established itself as a critical utility for enterprises seeking to optimize their working capital and accounts payable operations.
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 Atlas Venture, Greenoaks Capital Management, NextView Ventures, and Flybridge Capital Partners
Series B (2014): $10M supported by Khosla Ventures, Atlas Venture, and Flybridge Capital partners
Private Equity (2016): $2.9M, investors not publicly disclosed
Unspecified (2018): $27M backed by Khosla Ventures, Atlas Ventures, and Top Tier Capital Partners
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
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies, focusing on a broad range of areas including fintech and financial services.
Atlas Venture
Atlas Venture is a pioneering early-stage venture capital firm that partners with exceptional entrepreneurs to support the launch and growth of innovative startups.
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a Menlo Park-based venture capital firm that invests in early and growth-stage technology companies, backing founders across enterprise and fintech sectors.
What's next for Plastiq?
With the recent influx of capital, Plastiq is well-positioned to accelerate its product roadmap and expand its market footprint. The strategic focus will likely center on enhancing the platform's interoperability with existing enterprise resource planning systems and deepening its penetration into the mid-market and large-enterprise segments. As the fintech sector continues to consolidate, Plastiq's ability to provide seamless liquidity solutions will be paramount in maintaining its competitive advantage. The company is expected to leverage these resources to drive sustainable growth, potentially exploring further technological integrations that address the evolving complexities of global B2B commerce.
See full Plastiq company page
