Dwolla, a US-based financial transfer software developer that counts derivatives market operator CME Group among its investors, closed a $12m round on Monday led by venture capital firm Foundry Group.
Foundry was joined in the round by fellow VC firms Union Square Ventures, Ludlow Ventures and Next Level Ventures, as well as VC fund Firebrand Ventures and venture studio High Alpha.
Dwolla has created a payment transfer engine for businesses that handles bank transfers through the US Automated Clearing House…
