branchapp.comFinTech / PaymentsFounded: 2014Funding to Date: $133.24MM
Branch is an online payments platform that provides digital wallet and card options for workers. Employers utilizing Branch are able to provide access to earned funds outside of typical payment schedules. Branch was founded in 2014 by Atif Siddiqi, Mateen Qazi, and William Gross and is headquartered in Golden Valley, MN.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
03/09/2022 | Series C | $75.04MM | $xx.xx | $368.52MM | Addition, General Atlantic, Drive Capital, Crosscut Ventures, Indeed | |
Price per Share
$xx.xx
Shares Outstanding
23,470,294
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Addition, General Atlantic, Drive Capital, Crosscut Ventures, Indeed
|
||||||
08/17/2021 | Series B-1 | $39.47MM | $xx.xx | $123.39MM | Addition, Drive Capital, CrossCut Ventures, Bonfire Ventures, Matchstick Ventures, HR Tech Investments | |
Price per Share
$xx.xx
Shares Outstanding
30,660,614
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Addition, Drive Capital, CrossCut Ventures, Bonfire Ventures, Matchstick Ventures, HR Tech Investments
|
||||||
08/17/2021 | Series B | $8.25MM | $xx.xx | $123.39MM | Addition, Drive Capital, CrossCut Ventures, Bonfire Ventures, Matchstick Ventures, HR Tech Investments | |
Price per Share
$xx.xx
Shares Outstanding
10,423,237
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Addition, Drive Capital, CrossCut Ventures, Bonfire Ventures, Matchstick Ventures, HR Tech Investments
|
||||||
06/02/2017 | Series A | $6.78MM | $xx.xx | $25.58MM | March Capital Partners, CrossCut Ventures, Techstars Ventures, Matchstick Ventures | |
Price per Share
$xx.xx
Shares Outstanding
11,494,798
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
March Capital Partners, CrossCut Ventures, Techstars Ventures, Matchstick Ventures
|
||||||
12/12/2016 | Seed Series 2 | $3.49MM | $xx.xx | $10.13MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
10,021,805
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
12/12/2016 | Seed Series 1 | $204,255 | $xx.xx | $10.13MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,499,999
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|