Spend Management Platform Teampay Expands Partnership With Mastercard, Raises $47M
Amount Raised
$47 Million
Round Type
Funding Round
New YorkSoftwareEnterprise SoftwareFintechSaaSInvestors
Description
In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for companies. Hoag’s insight was that the way businesses spend money is changing, particularly as they embraced digital transformation, and that visibility into — and control over — spend was becoming increasingly important with the economy’s ups and downs.
Quick answer
Teampay raised $47 Million in a Funding Round round, dated November 30, 2022. Investors: Espresso Capital, Proof Ventures and Fin Venture Capital. Teampay is based in New York, United States.
- How much did Teampay raise?
- Teampay raised $47 Million in a Funding Round round on November 30, 2022.
- Who invested in Teampay?
- Espresso Capital, Proof Ventures and Fin Venture Capital are named as investors in this round.
- What does Teampay do?
- In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for companies.
- Where is Teampay based and how big is it?
- Teampay is based in New York, United States.
Source: Fundz verified event record.
Who else raised in Enterprise Software and Fintech around the same time
Companies in the same sectors as Teampay that raised within 45 days of this round, from Fundz verified event records.
- Liberate raised $7M (Funding Round) on January 5, 2023.
- Wingspan raised $24M on January 4, 2023.
- Synatic raised $2.5M (Seed) on December 5, 2022.
- Cognota raised an undisclosed amount (Funding Round) on January 13, 2023.
- SocialCrowd raised $1.5M (Pre-Seed) on January 10, 2023.
- Prodoscore raised an undisclosed amount on January 5, 2023.
Who to call at Teampay, and when
A new round usually means Teampay is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Teampay raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Teampay, from your own LinkedIn network
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Fundz sees it the moment Teampay raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Teampay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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