Friday, January 17, 2014

Ignition Re-Ups On WePay

Seattle-based venture investor Ignition Partners has re-upped its investment in Silicon Valley payments API provider WePay, as part of a new round for that company. According to WePay, it raised $15M in a Series C funding, which was led by Phil Purcell of Continental Investors, who co-founded Discover Card, and also included Max Levchin (PayPal), Maynard Webb (Yahoo), Raymond Tonsing, Highland Capital Partners, August Capital, in addition to Ignition. Ignition led the last funding of WePay back in 2012, which apparently also was part of the Series C. More information »