CityBase
Latest round
- Series B
Last raised
- Jul 2016
Total raised
- $10M
Investors
- 2
About CityBase
CityBase, Inc.Founded in 2014 and headquartered in Chicago, US, CityBase, Inc. specializes in payment technology solutions for local government and utility sectors. The firm underwent an acquisition by GTY Technology Holdings Inc. in February 2019, following a deal valued at USD 160 mn in cash and stock. Michael Duffy serves as the current CEO.CityBase specializes in providing payment technology solutions tailored for local governments and utility companies. Its core product offerings include a centralized, cloud-based platform that integrates payment functionality, business processes, and communications, enabling a seamless experience for end users. The solutions offered encompass various functionalities such as online payments, in-person cashiering, kiosks, and revenue management systems—allowing constituents to easily pay bills, request services, and access information across multiple channels, including web, mobile, and physical locations. CityBase primarily serves more than 100 government agencies, cities, counties, states, and utility providers throughout the United States, focusing on enhancing customer service and operational efficiency.CityBase generates revenue through a transactional structure that primarily encompasses B2B partnerships with local government agencies and utility companies. The firm’s business model involves subscription-based pricing for its software solutions, which provide essential functionalities for payment processing and customer management. Municipalities may enter into agreements to utilize CityBase’s comprehensive payment processing services, enabling them to manage various revenue streams, including business taxes, utility payments, and property taxes. By implementing these solutions, clients can streamline their revenue collections and enhance customer experiences in a secure and user-friendly environment.CityBase's future growth strategy includes the continuation of enhancing its payment technology offerings to better serve the needs of local governments and utility companies. Following its acquisition in February 2019, the company aims to leverage the resources and expertise of GTY Technology Holdings Inc. to expand into new markets across the United States.
Who invested in CityBase
2 investors across 2 rounds
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Questions about CityBase
Who invested in CityBase?
CityBase has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CityBase raised?
CityBase has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did CityBase last raise money?
CityBase's most recent round on record is a Series B, in Jul 2016.
What does CityBase do?
CityBase is a financial services company.
Where is CityBase headquartered?
CityBase is headquartered in Chicago, US.
Which VCs invest in companies like CityBase?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at CityBase's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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