# Payvment

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

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: www.payvment.com
- Total disclosed funding: $7.2M
- Latest round: Series B (Nov 29, 2010)
- Investors on record: 3

## About

Payvment Inc. provides innovative software solutions that enhance enterprise resource planning and customer relationship management for businesses, streamlining operations and improving customer engagement.Founded in 2009 by Dylan Zajac, Jacob Daitzman, and Robbie Khazan, Payvment Inc. is based in Palo Alto, US. The company has successfully raised a total of USD 5.90 mn through its funding rounds, including a Series B round led by Sierra Ventures, with other investors like BlueRun Ventures participating. The most recent deal occurred on January 28, 2013, when Intuit, Inc. acquired Payvment.Payvment Inc. specializes in advanced software solutions that tackle specific challenges in enterprise resource planning (ERP) and customer relationship management (CRM). These solutions aim to streamline operations and enhance customer engagement for mid-sized to large enterprises, particularly in industries such as manufacturing, retail, and healthcare. The company's flagship product was released in 2020, incorporating artificial intelligence and data analytics to improve user experience and functionality.Payvment generates revenue primarily through a subscription-based model, with clients entering annual agreements that provide access to software services and updates. The pricing structure is tiered based on usage and scale, facilitating both B2B and direct-to-consumer sales. The company also partners with system integrators to implement its solutions effectively for end users, ensuring ongoing customer support and service continuity.Payvment is focused on launching new products designed to enhance its software capabilities, with a commitment to integrating innovative technologies. The company plans to expand its operations into new geographic regions, particularly targeting Europe and specific markets within North America by 2025. The recent funding from the Series B round will be utilized to support these initiatives, including research and development efforts to further advance their software offerings.

## Funding rounds

- Series B, Nov 29, 2010, $5.9M — Sierra Ventures, BlueRun Ventures
- Series C, Aug 13, 2010, $0.1M — BlueRun Ventures
- Series A, Jan 28, 2010, $1.1M — BlueRun Ventures, 500 Global

## Investors

- BlueRun Ventures (https://capitalatlas.ai/funds/bluerun-ventures) — Series A, Series C, Series B
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series B