15+ VC Firms that Regularly Invest in The Payments & Commerce Space

April 10, 2015     By : Ray

Whether you are a payments and commerce startup looking to raise funds, a person looking to join a VC firm as an associate or principal or an industry participant, this information could be useful. We often wonder who the active investors in this space are, so here we go:

Accel Partners

Location: California (Silicon Valley), New York, London, India (Bangalore)

Portfolio of Payment Companies: Circle, Card Spring, Gumroad, Clinkle, Lenddo, Braintree, Nomi, Yodlee

In their own words:

“Accel Partners has been committed to helping exceptional entrepreneurs build lasting, category-defining technology companies since 1983. Utilizing a focused, “prepared mind” approach to investing, we partner with businesses that show potential for significant long-term success in specific sectors. Emphasizing synergy in our portfolio enables us to offer the advantages of a cohesive, cooperative Accel community, including access to an extensive network of past and present entrepreneurs.”

 

Acquiline Capital Partners

Location: New York

Portfolio of Payment Companies: Clear2Pay, BI-SAM Technologies, HedgeServ Holdings

In their own words:

“Aquiline Capital Partners invests in businesses in which it can drive value and growth through strategic, operational, and financial guidance. Aquiline has the expertise and experience to identify, create, and capitalize on opportunities in various market conditions and seeks to make investments that others cannot easily duplicate. We have experience in start-up, growth capital, buyout, and turnaround investments. The financial services sector represents a large and vital segment of the world economy. The sector is characterized by cyclicality, changing and growing business and consumer demand for products and services, and constantly evolving regulation, creating a steady flow of investment opportunities.”

 

Kleiner Perkins Caufield

Location: California (San Francisco & Menlo Park), China (Shanghai & Beijing)

Portfolio of Payment Companies: Square, Shopkick, LendingClub, ZenPayroll

In their own words:

“Kleiner Perkins Caufield & Byers (KPCB) partners with the brightest entrepreneurs to turn disruptive ideas into world-changing businesses. The firm has helped build pioneering companies like Amazon, Electronic Arts, Genentech, Google, Nest, Netscape, and Twitter. KPCB offers entrepreneurs years of operating experience, puts them at the center of a vast and influential network, and accelerates their success through expertise and support in recruiting, product design and delivery, business development, strategic partnerships and brand building. KPCB invests in all stages from seed and incubation to growth companies.”

 

Crunchfund

Location: California (San Francisco)

Portfolio of Payment Companies: Square, Gumroad, Lend Street Financial

 

Sequoia Capital

Location: US, China, Israel, India

Portfolio of Payment Companies: Stripe, Square, Citrus Pay, Prizm Payment

In their own words:

“The creative spirits. The underdogs. The resolute. The determined. The indefatigable. The defiant. The outsiders. The independent thinkers. The fighters. The true believers. These are the people who have imagined, started, organized and built Sequoia-backed companies that collectively are now worth over 20% of the total value of the NASDAQ stock exchange. These are the kind of people we work with today. They are extremely rare. We’re ecstatic when they choose Sequoia Capital as their business partner.”

 

Tiger Technology Global

Location: New York

Portfolio of Payment Companies: Square

In their own words:

“Tiger Global is a fundamentally-oriented, global investment firm. The Firm deploys capital in two businesses – private equity partnerships and public equity funds. Tiger Global’s private equity partnerships have ten-year horizons and invest in growth companies in the global Internet and technology sectors. The Firm’s public equity funds focus on long-term trends in the technology, telecom, media, retail and consumer sectors.”

 

Andreessen Horowitz

Location: California (Menlo Park)

Portfolio of Payment Companies: Jumio, Belly, Earnest, TransferWise, Coinbase, Balanced, PayTango

 

Chestnut Hill Ventures

Location: Massachusetts, US

Portfolio of Payment Companies: Affinity Solutions

In their own words:

“The firm considers investments in the following sectors: consumer products, business services, financial services, media and entertainment, and telecommunications.”

 

First Eastern Investment Group

Location: Hong Kong, China (Shanghai & Beijing)

Portfolio of Payment Companies: Monitise, Tamoco

In their own words:

“First Eastern Investment Group is the venture capital and private equity firm specializing in expansion stage. The firm seeks to invest in manufacturing, construction, financial and real estate industries. It prefers to invest in China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand. The firm typically invests between $1 and $10 million and a minimum annual sale of $12 million is required for all portfolio companies. It also looks for a seat on the Board of Directors and a minor stake in the portfolio company.”

 

Index Ventures

Location: London, San Francisco, Geneva, Jersey

Portfolio of Payment Companies: iZettle, Clinkle, TransferWise, Funding Circle, Xapo, Swipely, BitPay, iZettle, CrowdRise, Funding Circle

In their own words:

“We back the best and most ambitious entrepreneurs and help them make their ideas real and lasting. The entrepreneurs we team up with were born to build their businesses — it is their life’s mission. Working side-by-side with these visionaries makes us incredibly optimistic about the future. The transformative companies they’re building, include: Dropbox, Etsy, Sonos, SoundCloud, Flipboard, King, BlaBlaCar, Squarespace, Just Eat, Lookout, Hortonworks, Nasty Gal, Pure Storage, Supercell, Criteo, Funding Circle and many others.”

 

Khosla Ventures

Location: California (Menlo Park)

Portfolio of Payment Companies: Plastiq, Affirm, BillGuard, BlockScore, BlockStream, Boku, Chain, Fundbox, Fundera, PayNearMe,  Square, Stripe

In their own words:

“At KV, we fundamentally like large problems that are amenable to technology solutions. We seek out unfair advantages: proprietary and protected technological advances, business model innovations, unique partnerships and top-notch teams.”

 

Ribbit Capital

Location: California (Palo Alto)

Portfolio of Payment Companies: ZenPayroll, Coinbase, BTCjam, Invoice2go, Funding Circle, Xapo, Credit Karma, Fuze Network, Borro

In their own words:

“Our goal isn’t just to write checks. It’s to deposit and grow ideas. We are deeply knowledgeable about the complexities of building financial businesses, and will share our experience with ambitious entrepreneurs. When they succeed, they will create the next JP Morgans, Citis and eTrades —tomorrow’s enduring brands.”

 

Union Square Ventures

Location: New York

Portfolio of Payment Companies: Coinbase, Dwolla, Funding Circle, Auxmoney, CrowdRise, CircleUp, SigFig, Lending Club, Kickstarter

In their own words:

“We are a small collegial partnership that manages $1B across six funds. Our portfolio companies create services that have the potential to fundamentally transform important markets.”

 

Draper Fisher Juverson

Location: California (Menlo Park)

Portfolio of Payment Companies: Coinbase, Remitly, Coinplug, LendKey Technologies, Kout, Prosper, FundersClub, TrialPay

In their own words:

“We look to partner with exceptional entrepreneurs at the seed stage who are seeking up to $1M in initial funding. We like to be first at the table and we’re in it for the long term as you grow your team and scale your technology. Our investment size varies from $1M to $10M, and our typical investment is in the $3M to $5M range. DFJ Growth partners with companies raising $10M or more that are scaling revenues rapidly, addressing very large market opportunities, and poised for category leadership.”

 

Venture Lab

Location: Boston

Portfolio of Payment Companies: PayClip, Coda Payments

In their own words:

“We will typically invest U.S. $100,000 to $500,000 in equity or quasi-equity instruments, depending on the circumstances. We welcome opportunities to co-invest with like-minded investors and bring others to the table, particularly for later-stage investment into portfolio companies.”

 

500 Startups

Location: California (Silicon Valley & San Francisco), Mexico (Mexico City)

Portfolio of Payment Companies: PayClip, BTCjam, CoinPip, Coinding, Rover, Lendsquare, Lenda, PayByGroup, Coinalytics, Monetsu, GogoCoin, UniPay, StackCommerce

 

Alta Ventures

Location: Mexico

Portfolio of Payment Companies: PayClip, Kubo Financiero

In their own words:

“We take an active approach to investing in areas where the Alta team and network has domain experience. These areas include internet, SaaS computing, mobile computing, consumer, security, communications and health care. Our investments range from as little as $50,000 to as much as $5 or $10 million. Typically, we invest $2 to $3 million initially and expect to invest $5 to $10 million over the life of a company. We are long-term partners looking for innovative entrepreneurs with the same view.”

 

RRE Ventures

Location: New York, San Francisco

Portfolio of Payment Companies: AvantCredit, BitPay, Payfone, OnDeck

In their own words:

“We define the scope of our investment horizon as products or services enabled by information technology. This has historically included virtually all expressions of software and internet technology as well as hardware and technology-enabled services, with over sixty acquisitions and seventeen IPO’s to date. We invest across the United States and in select cases, overseas geographies. We view New York’s burgeoning innovation economy as critically important to the creation of the next wave of large technology companies. With over fifty portfolio companies based in the New York Metro region, we are among the area’s most active investors.”


Note: The VC portfolio companies mentioned above does not include all their investments.

Stay Fresh on FinTech. Get our Daily Insights.

Ray

Ray has keen interest in the area of devices, OS and wireless technologies. He is a Mobile Technology enthusiast and believes that Mobility is going to completely change the way we do Payments and Commerce. He wishes to share this belief with the world by providing such content through LetsTalkPayments. Ray has done his engineering as well as MBA.