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Pine Labs raises $285 mn in new funding round
May 17, 2021
Several public market cross-over investors participate in the round
Pine Labs, a merchant commerce platform, has announced the completion of first close of its ongoing funding round, raising $285 million from public market cross-over investors, including Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management.
Existing investors Temasek, Lone Pine Capital and Sunley House Capital also participated in this funding round.
In this oversubscribed round, in addition to primary proceeds, Pine Labs enabled secondary transactions for its founder, employees and early shareholders. Discussions are on to raise another $100 million in this round, it is learnt. ....

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