BlueSnap, a Waltham, Mass.-based global payment gateway, raised $50m in growth equity funding.
Backers included Great Hill Partners, Parthenon Capital Partners and BlueSnap CEO Ralph Dangelmaier. In conjunction with the funding, Brian Golson, Managing Partner at Parthenon Capital Partners, will join BlueSnap’s board of directors.
The company intends to use the funds to funds to expand operations for its global business and pursue strategic acquisitions.
BlueSnap provides a smart global payment gateway to enable the checkout process for eCommerce merchants in 180 countries with localization in 29 languages, 60 currencies and 110 payment types. It combines intelligent payment routing, one-click checkout, cross-border payments, Smart Subscriptions, multiple integration options and dynamic eCommerce tools.
The company has over 110 employees in Boston, Chicago, London, Silicon Valley and Israel and recently added innovative customers PreSonus, Magisto, Symantec and DudaMobile.