YapStone was founded in 1999 by Thomas Villante and Matthew Golisand. The company has not publicly spoken about plans or a timeline for an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
YapStone offers flexible payment solutions for marketplace-style businesses. In the increasingly crowded world of payment services, YapStone has sought to differentiate itself by allowing businesses to customize their system to a greater extent than is possible with other platforms. The company works with partners such as Kigo, Choice Hotels, Wyndham Vacation Rentals, RentPath, and BookingPal. As of 2018, the company processes $18 billion in payments annually. Yapstone has raised over $183 million in venture capital funding from investors including Premji Invest, MeriTech Capital Partners, Accel Partners, and Mastercard Incorporated. The company's most recent round of funding brought in $71 million. CEO Tom Villante says "YapStone will use the funding to expand geographically and to work on new technologies." The recent funding round brought Yapstone's post-money valuation to $471 million.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/12/2018 | Series C | $100MM | $xx.xx | $472.3MM | Premji Invest, Mastercard, Accel, Meritech Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
2,316,968
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
2.0
Key Investors
Premji Invest, Mastercard, Accel, Meritech Capital Partners
|
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06/07/2011 | Series B | $50MM | $xx.xx | $79.26MM | Accel Partners, Meritech Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
3,298,153
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
3.0
Key Investors
Accel Partners, Meritech Capital Partners
|
||||||
07/31/2009 | Series A | $6.23MM | $xx.xx | $10.39MM | Villante Capital Partners, Texas Pacific Group | |
Price per Share
$xx.xx
Shares Outstanding
623,267
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Villante Capital Partners, Texas Pacific Group
|