Total amount raised
$375 Millions
Latest funding date
March, 2022
Location
Branch has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform offers fast and flexible payment solutions, empowering businesses to efficiently pay their workers.
Keep reading to explore the intricacies of Branch's fundraising journey and the investors backing this innovative platform.
What Is Branch?
Branch, founded on April 15, 2014, in Palo Alto, California, is a company that provides seamless mobile experiences through its linking infrastructure. The company is trusted by top brands to enhance their digital strategies.
Branch was established by Alex Austin, Dmitri Gaskin, Mada Seghete, and Mike Molinet. The platform offers various payment solutions, including instant access to earnings and financial wellness tools.
With a workforce of 251-500 employees, Branch continues to innovate in the realm of fast and flexible payment options for businesses and workers alike.
How Much Funding Has Branch Raised?
- Seed Round
- Amount Raised: $300K
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and launch the platform.
- Seed Round
- Amount Raised: $2.8M
- Date: September 2014
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $15M
- Date: February 2015
- Lead Investors: New Enterprise Associates, TriplePoint Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $35M
- Date: January 2016
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve infrastructure.
- Series B
- Amount Raised: Not publicly disclosed
- Date: May 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product offerings and support growth.
- Series C
- Amount Raised: $60M
- Date: April 2017
- Lead Investors: Playground Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in new technologies and expand the customer base.
- Series D
- Amount Raised: $129M
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and enter new markets.
- Series E
- Amount Raised: $125M
- Date: September 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and expand globally.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: November 2021
- Lead Investors: Tenacity Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: $300M
- Date: February 2022
- Lead Investors: New Enterprise Associates
- Valuation at Round: $4 billion
- Motivation Behind the Round: To expand the mobile linking platform and enhance privacy-first measurement solutions.
Total Amount Raised: $666.1M. Current Valuation: $4 billion.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that focuses on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. The firm has nearly $24 billion in cumulative committed capital since its founding in 1977.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Coursera, Robinhood, Salesforce.
- Founders Fund
- Details: Founders Fund is a San Francisco-based venture capital firm that invests in companies building revolutionary technologies. The firm was founded in 2005 and has been involved in numerous high-profile investments.
- Investment Focus Areas: Aerospace, artificial intelligence, biotechnology.
- Notable Investments: SpaceX, Palantir Technologies, Airbnb.
- Playground Global
- Details: Playground Global is a venture capital firm that provides early-stage funding and resources to startups. The firm was founded by Andy Rubin, the creator of Android, and focuses on hardware and software innovation.
- Investment Focus Areas: Robotics, artificial intelligence, hardware.
- Notable Investments: Relativity Space, Owl Labs, Canvas Technology.
- Tenacity Venture Capital
- Details: Tenacity Venture Capital is a venture capital firm that invests in early to growth-stage companies. The firm is known for its hands-on approach and strategic support to its portfolio companies.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Not publicly disclosed.
- TriplePoint Capital
- Details: TriplePoint Capital is a global financing provider dedicated to serving venture capital-backed companies. The firm offers a range of financial solutions, including debt financing and equity investments.
- Investment Focus Areas: Technology, life sciences, clean technology.
- Notable Investments: Facebook, YouTube, Beyond Meat.
What's Next for Branch?
Branch is poised to capitalize on significant opportunities in the mobile ecosystem. With plans to expand its mobile linking platform and enhance privacy-first measurement solutions, the company aims to help brands grow through owned and organic channels. This expansion could potentially reach over 3 billion monthly users, offering substantial growth potential.
Future fundraising opportunities seem promising, given the recent $300 million raise and the company's ambitious plans. However, challenges such as navigating privacy changes and adapting to new device types remain. Balancing these hurdles while maintaining user privacy will be crucial for Branch's continued success.
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