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Nearside (Formerly Hatch) Raises $58 Million Series B For Free Checking Account With Universal 1% Cashback Rewards For Business

Dec 06, 2021over 3 years ago

Amount Raised

$58 Million

Round Type

series b

Mississauga

Description

Today, Nearside (formerly Hatch) announced a $58 million Series B round of funding, seven months after announcing its $20mm Series A in April 2021. The Series B was led by Valar Ventures, with additional investors Kleiner Perkins, Foundation Capital, Jim Breyer from Breyer Capital, Michael Ovitz (Founder of CAA), Kevin Hartz (Founder of Eventbrite), Ryan Petersen (Founder of Flexport) and others.

Company Information

Company

Hatch

Location

Mississauga, Ontario, Canada

About

Hatch is committed to doing its part to support efforts to end the COVID-19 pandemic.

FundzWatch™ Score

73
Medium Activity

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech