# PayGround

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payground

- Industry: Healthcare IT
- Headquarters: Gilbert, US
- Website: home.payground.com
- Total disclosed funding: $29M
- Latest round: Series A (May 26, 2023)
- Investors on record: 8

## About

PayGround, Inc., based in Gilbert, US, provides innovative digital solutions that streamline operations and enhance user engagement across various industries, including healthcare, education, and retail.PayGround, Inc. specializes in digital solutions that enhance operational efficiency and user engagement. Founded in 2018 in Gilbert, Arizona, the company has completed 5 deals and raised a total of USD 19.70 mn in funding, with the latest Series A round led by SixThirty. The company is headed by Drew M, who serves as both the CEO and Founder.PayGround, Inc. offers a comprehensive suite of digital solutions aimed at enhancing operational efficiency and user engagement. Their innovative software applications cater to diverse industries by streamlining workflows and improving communication. The company targets small to large enterprises, delivering tailored solutions that enhance data analytics and user experience. Their products are marketed in North America, Europe, and select Asian markets, ensuring they meet the evolving needs of businesses across various sectors.The company operates on a revenue model based on subscription services and direct software sales. Clients typically engage in long-term partnerships, allowing access to premium features and regular updates. Revenue is generated through tiered subscription plans that accommodate varying levels of support, as well as direct sales to end-users, particularly in the retail sector, where their software solutions facilitate transactions and customer management.PayGround, Inc. plans to utilize its recent venture funding from reform Ventures to support the launch of new products aimed at enhancing user experience and engagement. The company is targeting expansion into additional markets in North America and Europe by the end of 2024. The funding will facilitate the development of new features and enhancements to existing products, ensuring they meet the demands of their growing client base.

## Funding rounds

- Series A, May 26, 2023, $20M — IA Capital Group, Plug and Play, Rally Ventures, SixThirty, FCA Venture Partners
- Seed, Jul 28, 2022, $5.5M — Triventures, Lewis & Clark Ventures, FCA Venture Partners
- Seed, Feb 23, 2021, $4M — Croghan Investments, Triventures, SixThirty

## Investors

- Croghan Investments — Seed
- Triventures (https://capitalatlas.ai/funds/triventures) — Seed
- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Seed, Series A
- Lewis & Clark Ventures (https://capitalatlas.ai/funds/lewis-clark-ventures) — Seed
- FCA Venture Partners (https://capitalatlas.ai/funds/fca-venture-partners) — Seed, Series A
- IA Capital Group (https://capitalatlas.ai/funds/ia-capital-group) — Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Rally Ventures (https://capitalatlas.ai/funds/rally-ventures) — Series A