Tag: raises

Posted in Money

Routable Raises $12M For Digital B2B Services

Routable, which aims to simplify the sending and receiving of B2B payments, has come off a Series A funding round with $12 million, a press release says.

That comes out to $16 million that the company has raised overall.

The round featured contributions from Y Combinator, Founders Co-Op, Lee Fixel, Box Group, as well as Liquid 2 Ventures, Jason Gardner, Gokul Rajaram, Aaron Schildkrout, Sam Hodges, Immad Akhund and more, the press release says.

The company plans to use the money to continue growing, including hiring more people and scaling the product.

Routable co-founder and chief executive Omri Mor said the idea behind Routable was to accommodate different companies’ needs for payments.

“Sending 1,000 business payments per month is a much different proposition than sending 10,000 or 100,000 monthly payments,” said Mor. “We believe finance departments deserve the best software and support as

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Posted in Business

EBay Seeks To Retain Stake in Classifieds Unit, Challenging Prosus Bid; Top Analyst Raises PT

EBay Inc. (EBAY) reportedly prefers to keep a stake in the classified advertising unit it’s selling, reducing the odds that Prosus NV will win the hotly-contested auction.

The decision made at a board meeting on Friday gives a surprise likelihood to a bid from Norwegian online marketplace Adevinta ASA, which offered a mix of cash and stock and would leave EBay with a significant stake in the combined business, Bloomberg reported. A combination of the classifieds unit with the listed Scandinavian firm would also allow EBay to benefit from any future increase in the shares.

Separately, a private equity consortium backed by Blackstone Group Inc. (BX), Permira and Hellman & Friedman has been interested in the unit and also offered to let EBay keep a minority stake.

Until as recently as Friday, Naspers Ltd.-owned Prosus was considered to be the front runner for a deal after

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