MineralTree bears $50m in fruit

Sep 25, 2020 • Edison Fu

Eight Roads Ventures returned for the First Data-backed payment software developer’s series D round, announced alongside two strategic acquisitions.

US-based payment automation technology provider MineralTree has secured $50m in a series D round featuring Eight Roads Ventures, a venture capital subsidiary of financial services and investment group Fidelity.

Private equity firm Great Hill Partners and VC fund .406 Ventures filled out the round, which came after MineralTree raised $50m in an April 2019 round led by Great Hill Partners that also featured Eight Roads Ventures and .406 Ventures.

MineralTree was founded in 2010 and has developed a software…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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