Total amount raised
$263.3 Million
Latest funding date
2022-03-08
Location
Stax offers a suite of payment solutions designed to empower businesses with integrated payment processing, subscription billing, and surcharging programs. The platform includes products like Stax Pay, Stax Connect, Stax Bill, and CardX by Stax, each tailored to meet different business needs.
Keep reading to explore the intricacies of Stax's fundraising journey and the investors backing this innovative platform.
What Is Stax?
Stax is a FinTech company that provides integrated payment and recurring billing solutions for businesses. Their offerings include products like Stax Pay, Stax Connect, Stax Bill, and CardX by Stax, each designed to meet various business needs.
Operating in the Payment Solutions and Financial Technology industry, Stax aims to simplify and enhance the payment processing experience with transparent pricing, scalable technology, and excellent customer support. The company has recently expanded its capabilities by becoming a full-stack payments processor and acquiring new technologies to enhance its service offerings.
How Much Funding Has Stax Raised?
- Seed Round
- Amount Raised: USD 850,000
- Date: November 2015
- Lead Investors: venVelo
- Series A
- Amount Raised: USD 1,400,000
- Date: May 2016
- Lead Investors: venVelo
- Series B
- Amount Raised: USD 5,500,000
- Date: October 2017
- Lead Investors: Fulcrum Equity Partners
- Series C
- Amount Raised: USD 10,500,000
- Date: July 2018
- Lead Investors: Fulcrum Equity Partners
- Series D
- Amount Raised: USD 245,000,000
- Date: March 2022
In total, Stax has raised USD 262,250,000.
Key Investors
- venVelo
- Details: venVelo is an early-stage venture capital firm based in Florida. They focus on providing seed and early-stage funding to innovative startups.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Fattmerchant, Kairos, FlexReceipts
- Fulcrum Equity Partners
- Details: Fulcrum Equity Partners is a growth equity firm that invests in high-growth companies. They provide capital and strategic guidance to help businesses scale.
- Investment Focus Areas: Healthcare, Software, Technology-Enabled Services
- Notable Investments: LogistiCare, MFG.com, ALS Resolvion
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