Gr4vy, a San Mateo CA-based cloud-native payments company, raised $15M in Series A funding.
The round was led by March Capital, with participation from Nyca Partners, Activant Capital and Plug and Play Ventures.
The company intends to use the funds to expand market demand and advance the product roadmap for its cloud-native payment orchestration platform (POP).
Led by John Lunn, founder and CEO, Gr4vy is a cloud-native payments orchestration platform provider that empowers merchants to grow their payment services without coding in a few clicks. Acting as a conduit between merchants’ shopping carts and payment providers, the company’s POP upgrades merchants’ payments stack and payment methods to make them more agile. Centralized reporting, monitoring and management mean all parts of a merchant’s business benefit from a single streamlined system all in one place.
The recent series brings Gr4vy’s total funding to $27.2M. Since its launch in April, the company has nearly doubled its valuation, reflecting its strong growth and its demonstrated value to merchants globally. Notable initiatives incluce partnerships with GoCardless, Banked, Akoova, as well as the launch of its Gr4vy Magento extension and completion of its PCI1 certified vault.