San Francisco funding news: Payments, commerce and software top recent local investments

San Francisco funding news: Payments, commerce and software top recent local investmentsPhoto: Clément H/Unsplash
Hoodline
Published on September 06, 2019

San Francisco-based financial and stock exchanges company Long-Term Stock Exchange has secured $50 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Aug. 29 and led by Founders Fund.

According to its Crunchbase profile, "The Long-Term Stock Exchange (LTSE) is creating an SEC-regulated national securities exchange designed to align great companies and long-term investors with the shared goal of value creation."

The four-year-old startup also raised an $18 million Series A round in 2016.

The round brings total funding raised by San Francisco companies in payments over the past month to $76 million. The local payments industry has seen 98 funding rounds over the past year, securing a total of $2.3 billion in venture funding.

In other local funding news, subscription service company Chargebee announced a $14 million Series D funding round on Aug. 28, led by Steadview Capital.

According to Crunchbase, "With subscription businesses expanding worldwide, each recurring revenue business needs more options and flexibility to manage varied billing use-cases. Chargebee is built with a focus on delivering the best experience to provide a seamless and flexible recurring billing experience to customers and to manage customer subscriptions."

Founded in 2011, the company has raised four previous rounds, including an $18 million Series C round in 2018.

Meanwhile, document management company ReadMe raised $9 million in Series A funding, announced on Aug. 28.

From the company's Crunchbase profile: "ReadMe provides every company the ability to easily create beautiful documentation and build loyal, productive developer communities."

ReadMe last raised $1 million in seed funding in 2015.

Also of note, online games company CodeCombat raised $6 million in Series A funding, announced on Aug. 28 and led by Hone Capital.

From Crunchbase: "CodeCombat is a multiplayer programming game for learning how to code. With thousands of schools and millions of students, CodeCombat is bringing K-12 computer science education to everyone, regardless of gender, race or background. Everyone should have the opportunity to learn."

The company previously raised $2 million in seed funding in 2016.

Rounding out the city's recent top local funding events, casual games company Knock Knock raised $4 million in Series A funding, announced on Aug. 29 and led by March Capital Partners.

From Crunchbase: "Knock Knock is a developer of frictionless games and technologies. We are a passionate team of game makers who believe that rapidly developing frictionless technologies such as HTML5 and 5G will be a force of change in the gaming industry, leading to more viral user acquisition and new, instant social gameplay mechanics created by bypassing traditional app stores."

The company previously raised $2 million in seed funding in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.