Standord's StartX has backed a $10m round for entertainment payment software developer Exactuals alongside the formation of a strategic alliance.

Exactuals, the US-based developer of a software platform that organises entertainment payments, has secured $10m in a series A round that featured Stanford University’s StartX Fund.

The round was co-led by financial services firm City National and VC firm TTV Capital, with further participation by S-Cubed Capital, Palo Alto Venture Partners, Skyview Fund, Strand Partners, Temerity Capital and various angel investors.

Founded at Stanford Graduate School of Business in 2011, Exactuals has built a platform called PaymentHub that makes complex…