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AlleyWatch Routable Routable provides service to send and receive business-to-business payments. Founded by Omri Mor and Tom Harel in 2017, Routable is backed by investors that include Y Combinator, Liquid 2 Ventures, BoxGroup, 1984 Ventures, and Gokul Rajaram and is headquartered in San Francisco. FOUNDED:2017 FOUNDERS:Omri Mor, Tom Harel The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/19/21 featuring funding details for Degreed, EcoCart, and twenty-two other rounds that you must know about. ....
Altman brothers lead B2B payment startup Routable’s $30M Series B Several prominent tech founders also put money in the round We all know the COVID-19 pandemic has accelerated digital adoption in a number of areas, particularly in the financial services space. Within financial services, there are few spaces hotter than B2B payments. With a $120 trillion market size, it’s no surprise that an increasing number of fintechs focused on digitizing payments have been attracting investor interest. The latest is Routable, which has nabbed $30 million in a Series B raise that included participation from a slew of high-profile angel investors. ....
Routable, a San Francisco, CA- and Seattle, WA-based platfrom to send and receive business-to-business payments, raised $30m in Series B funding. The round was led by Sam Altman, CEO of Open AI and former president of Y Combinator, and Jack Altman, CEO of Lattice, with participation from Flexport as well as angel investors, including Max Mullen (Instacart), Joe Gebbia (Airbnb), Aaron Levie (Box), Marc Benioff (TIME Ventures), Gokul Rajaram (DoorDash), Lachy Groom (formerly of Stripe) and Scott Belsky (Behance). The company, which has raised $46m to date, intends to use the funds to scale its team to expand upmarket into the enterprise space. ....
Hey HN! Iâm Omri and I co-founded Routable (https://routable.com) with Tom Harel. We are a business payments platform built to make bill payments and mass payouts fast and seamless, especially as your company scales. We were in YC s S17 batch, but are doing a Launch HN now because we recently completed a huge integration with NetSuite, which will help larger enterprises automate their business payment workflows. Tom and I started working on Routable in early 2017. The idea was sparked while we were eating hummus in Tel Aviv. When we first met up, we had no intention of spending years of our lives trying to figure out how to make bill payments and invoicing easier. But we realized after a three hour conversation that at our two different marketplace companies we had both spent 40% of our engineering resources on building internal tooling to pay out sellers, drivers, restaurants, etc. ....