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Pine Labs raises $285 million from new crossover investors


Pine Labs raises fresh funds at $3 billion valuation
© Jagyaseni Biswas
Pine Labs raises fresh funds at $3 billion valuation
Merchant commerce platform Pine Labs has raised $285 million in a new round of funding from public market crossover 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 round.
According to the company, this was an oversubscribed round. In addition to primary proceeds, in this round, the company also enabled secondary transactions for its founder, employees and early shareholders.
Pine Labs has set up a strong base in merchant payments and now plans to scale in the online space as well, at the same time continue to power the credit and commerce needs of its offline merchant partners. ....

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Pine Labs secures $285 mn funding, unicorn firm's valuation tops $3 bn


Pine Labs, which offers merchants payment technology and working capital, has completed a new round of financing of $285 million, said the unicorn fintech company on Monday
The investors included 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.
The new investment takes the valuation of the Noida-based company to about $3 billion, up from about $2 billion in a funding round last year in December and $1 billion in early 2020, according to the sources.
Pine Labs said it enabled secondary transactions for its founder, employees and early shareholders. “This is an exciting phase in our journey as we enter newer markets,” said B. Amrish Rau, CEO, Pine Labs. “We excel in enterprise merchant payments and now want to scale new frontiers in the online space as well, at the same time continue to power the cre ....

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Pine Labs raises $285 mn in new funding round - The Hindu BusinessLine


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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