Braintree has raised a total of $69 million across 2 funding rounds, with its largest being a $35 million Series B round in September 2012. The San Jose-based fintech company, now part of PayPal Enterprise Payments, offers comprehensive payment solutions, including PayPal, Venmo for Business, PayPal Pay Later, as well as global and local payment methods, and payment orchestration. In 2023, the platform processed $1.53 trillion in payment volume across 25 billion transactions in over 200 markets worldwide.
Keep reading to explore Braintree’s funding journey, key investors, and what’s next for this innovative platform.
What Is Braintree and What Does It Do?
Founded in 2007, Braintree is headquartered in San Jose, California, United States. Now part of PayPal Enterprise Payments, the company offers secure and scalable payment processing solutions, including PCI compliance, fraud management, and global payouts.
Its platform supports PayPal, Venmo, credit and debit cards, as well as digital wallets, helping businesses grow through efficient and seamless payments.
How Much Funding Has Braintree Raised?
- Series A
- Amount Raised: $34M
- Date: June 2011
- Lead Investors: Accel
- Motivation: To expand payment processing capabilities and scale operations.
- Series B
- Amount Raised: $35M
- Date: September 2012
- Lead Investors: New Enterprise Associates
- Motivation: To grow market presence and enhance platform features.
Total Funding Raised: $69M
Latest Funding Date: September 2012
Key Investors
- Accel
- Details: Accel is a venture capital firm that has been investing in technology companies since 1983, with offices in Palo Alto, London, and Bangalore.
- Investment Focus Areas: Software, internet, and consumer services
- Notable Investments: Facebook, Dropbox, Slack
- New Enterprise Associates (NEA)
- Details: NEA is one of the world’s largest venture capital firms, founded in 1977, with a focus on helping entrepreneurs build transformational businesses across multiple sectors.
- Investment Focus Areas: Technology, healthcare, and energy
- Notable Investments: Robinhood, Coursera, Uber
Where Is Braintree’s Headquarters?
Braintree is headquartered in San Jose, California, United States, providing access to top talent and technology partners. As part of PayPal Enterprise Payments, it operates globally, serving businesses across more than 200 markets.
What’s Next for Braintree?
Braintree continues to strengthen its payment infrastructure, leveraging PayPal and Venmo integration to expand globally. With $1.53 trillion in payment volume in 2023 and 25 billion annual transactions, the platform focuses on delivering seamless, secure, and scalable payment solutions for enterprises and SMBs worldwide.
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