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Rainforest Raises $20M to Transform Embedded Payments for Software Platforms [Yahoo! Finance]

HubSpot, Inc. (HUBS)  More Company Research Source: Yahoo! Finance
Last hubspot, inc. earnings: 2/12 04:11 pm Check Earnings Report
US:NYSE Investor Relations: ir.hubspot.com
ATLANTA, June 26, 2024 BUSINESS WIRE Rainforest , a payment provider purpose-built for software platforms, today announced it has raised an oversubscribed $20 million Series A funding round led by Matrix Partners . Additional participating investors include Accel Infinity Ventures BoxGroup The Fintech Fund Tech Square Ventures Ardent Venture Partners – all of whom participated in the company's seed round announced in 2023 . The fresh capital brings Rainforest's total funding to $31.75 million and will be used to advance the company's core technology and product offerings, expand its platform success team, and accelerate its growth via new go-to-market initiatives. Rainforest helps software platforms grow revenue by embedding payments into their products, without introducing any risk or compliance complexities. The company has achieved a stronghold amongst software companies processing $50 million - $2 billion in annual payments, a previously underserved segment. Rainforest provides [Read more]
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Stockreport

Rainforest Raises $20M to Transform Embedded Payments for Software Platforms [Yahoo! Finance]

HubSpot, Inc.  (HUBS) 
More Company Research Source: Yahoo! Finance
Last hubspot, inc. earnings: 2/12 04:11 pm Check Earnings Report
US:NYSE Investor Relations: ir.hubspot.com
ATLANTA, June 26, 2024 BUSINESS WIRE Rainforest , a payment provider purpose-built for software platforms, today announced it has raised an oversubscribed $20 million Series A funding round led by Matrix Partners . Additional participating investors include Accel Infinity Ventures BoxGroup The Fintech Fund Tech Square Ventures Ardent Venture Partners – all of whom participated in the company's seed round announced in 2023 . The fresh capital brings Rainforest's total funding to $31.75 million and will be used to advance the company's core technology and product offerings, expand its platform success team, and accelerate its growth via new go-to-market initiatives. Rainforest helps software platforms grow revenue by embedding payments into their products, without introducing any risk or compliance complexities. The company has achieved a stronghold amongst software companies processing $50 million - $2 billion in annual payments, a previously underserved segment. Rainforest provides [Read more]
IMPACT SNAPSHOT
EVENT TIME:
HUBS
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS