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Exit

Acquired byBraintree
Price$26.2M
Date8/2012
TermsCash and Stock

General Information

Offices

New York, NY
159 W 25th St
Fl 9
New York, NY, 10001
USA
San Francisco, CA
760 Market Street
San Francisco, CA, 94102
USA

People

President
CFO, Director
Support

Funding

TOTAL $1.2M
FUNDING TOTAL $1.2M
Seed, 5/2010
RRE Ventures
betaworks
Founder Collective
Dave Morin
Sam Lessin
Dustin Moskovitz
VaynerMedia
Lerer Ventures
$1.2M
Series A, 8/2011
Accel Partners
RRE Ventures
Greycroft Partners
Lerer Ventures
DEBT TOTAL $100k
Debt, 12/2009
$100k

Competitors

Service Providers

PR, Social Media

Tags

Venmo

Venmo is a service that makes it easy, safe, and fun to pay your friends.

Venmo’s iPhone and Android apps allow you to make and share payments with friends for rent, utilities, dinner, drinks, movies, concert tickets, birthdays, laughs, and anything else.

Paying with your debit card or bank account is free, and you can transfer money from your Venmo account balance to your bank account over night.

Recent Milestones

Videos

Above:

The Web 2.0 Show: Episode 65 - Venmo: SMS-based Payment Platform

Added: 1/24/10

Screenshots

Venmo screenshot
Above: Pay and Cashout
Uploaded: 5/18/13

Sources

  1. Online Payments Service Braintree Acquires Social Payments Startup Venmo For $26.2M (techcrunch.com) [edit]
  2. SEC (sec.gov) [edit]
  3. TechCrunch (techcrunch.com) [edit]
  4. Venmo Blog (tmblr.co) [edit]
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Last Edited 3/24/14

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