Funding round
Charlie Series A
Charlie, a payment processing & point of sale company in San Francisco, raised $9.0M in a Series A round announced on 26 Nov 2018, led by Propel Venture Partners. 6 firms took part.
$9.0M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Charlie did not disclose a valuation in this round. It is Charlie's first venture round on record, 2 years after it was founded in 2016. No later venture round is on record for Charlie.
Charlie's funding rounds
This is the only venture round on record for Charlie.
- Series A this round 26 Nov 2018, led by Propel Venture Partners $9.0M
Investors
Who put money in
Propel Venture Partners led the round with 5 other firms.
Lead investor
- backs 32 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
40 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $10M, and this round was close to the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 27 Nov 2018 | $13M | not disclosed | not named |
| Payment Processing & Point of Sale | 1 Nov 2018 | $7.4M | not disclosed | Stripes |
| Payment Processing & Point of Sale | 31 Dec 2018 | $11M | not disclosed | Sequoia Capital |
| Payment Processing & Point of Sale | 23 Oct 2018 | $10M | not disclosed | China Merchants Group |
| Flutterwave Payment Processing & Point of Sale | 16 Oct 2018 | $9.2M | not disclosed | not named |
| Payment Processing & Point of Sale | 11 Dec 2018 | $6.5M | not disclosed | IGNIA and Dalus Capital |
| Payment Processing & Point of Sale | 11 Sep 2018 | $12M | not disclosed | Intrinsic Capital Partners |
| Payment Processing & Point of Sale | 28 Aug 2018 | $8.5M | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Charlie raise in its Series A round?
Charlie raised $9.0M in its Series A round, announced in Nov 2018.
Who led Charlie's Series A round?
Propel Venture Partners led it, with Uncork Capital, Frog Capital, LAUNCHub, Norwest and Peterson Partners.
What was Charlie's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
40 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $10M, and this round was close to the median.