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Braintree Raises $35M Series B Financing

By TechTaffy Desk

[Techtaffy Newsdesk]

Braintree, a payments platform for online and mobile commerce, has raised a $35 million Series B round of funding led by New Enterprise Associates (NEA) with participation from existing investor Accel Partners. Other existing investors RRE Ventures and Greycroft also participated in the funding round.

Bill Ready (CEO,  Braintree): We are working to do for payments and e-commerce what Apple did for mobile: providing a developer-friendly platform that sparks a new wave of innovation and company-building.

The current round pegs the total funding raised by Braintree at $70 million. Airbnb, Uber, LivingSocial, Rovio/AngryBirds, HotelTonight, Fab.com, LevelUp are some of the companies Braintree’s payment platform.

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