# Tilled

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

- Industry: Financial Services
- Headquarters: Boulder, US
- Website: www.tilled.com
- Total disclosed funding: $24M
- Latest round: Series A (Jul 22, 2024)
- Investors on record: 7

## About

Tilled, Inc. is a US-based company that operates as a Payment Facilitator-as-a-Service, enabling businesses to seamlessly integrate payment processing into their software solutions through a robust API.Founded in 2018 by Caleb Avery, Tilled, Inc. is headquartered in Boulder, Colorado, US. The company specializes in providing payment solutions for software companies and Independent Sales Organizations (ISOs). Tilled has successfully raised a total of USD 12.525 mn through multiple funding rounds, with the latest being a Series A round completed on July 22, 2024, co-led by Canvas Ventures and UPC Capital Ventures, which reflects its ongoing growth strategy.Tilled, Inc. specializes in providing PayFac-as-a-Service, a comprehensive suite that enables businesses and platforms to embed payment processing capabilities directly into their software solutions. This offering includes a developer-friendly API that allows for rapid integration of payment technology, full-service support, and a transparent pricing model that eliminates upfront costs and overhead associated with traditional payment facilitation. Tilled's solutions address the needs of software companies looking to streamline payment transactions for their clients, effectively transforming each merchant transaction into a potential revenue stream. The primary clientele comprises Independent Sales Organizations (ISOs), resellers, and software developers who aim to enhance their payment functionalities without incurring significant liabilities. Tilled's services are available in various geographical markets, focusing on North America and extending into select international territories, catering to a diverse range of industries and end-users.Tilled's revenue model revolves around the facilitation of payment transactions through its PayFac-as-a-Service platform, focusing on B2B partnerships with software companies and ISOs. Revenues are generated from transaction fees tied to the processing of payments, as well as potential subscription fees for enhanced service offerings. The company positions itself as a cost-effective alternative to traditional payment processing solutions, where clients benefit from a transparent pricing structure designed to align with their transaction volumes. Tilled offers a range of services that include a white-label payment solution, allowing clients to incorporate their branding into the payment experience. This structure facilitates a seamless user experience while enabling clients to monetize their services effectively, reinforcing Tilled's commitment to maximizing revenue potential for its partners.In July 2024, Tilled, Inc. raised USD 12.52 mn in Series A funding to drive sales and enhance marketing efforts. The company plans to utilize this funding to expand its product offerings and improve its market presence. Tilled is focused on entering new geographic markets, specifically targeting growth opportunities throughout North America and other select international territories. The additional capital will support the development of new payment solutions aimed at increasing the value proposition for its clients.

## Funding rounds

- Series A, Jul 22, 2024, $13M — Canvas Prime, UPC Capital Ventures
- Series A, Jun 1, 2022 — FJ Labs
- Series A, May 12, 2021, $11M — Peterson Partners, Alumni Ventures Group, Canvas Prime, Clocktower Technology Ventures, Abstract Ventures

## Investors

- Peterson Partners (https://capitalatlas.ai/funds/peterson-partners) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Canvas Prime (https://capitalatlas.ai/funds/canvas-prime) — Series A
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Series A
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- UPC Capital Ventures (https://capitalatlas.ai/funds/upc-capital-ventures) — Series A