Moglix Raises $120M in Series B; Valued at $1 Billion
18 May, 2021
– Routable announced today that the company has raised $30m in Series B funding.
– The round was led by Sam Altman, CEO of Open AI and former president of Y Combinator, and Jack Altman, CEO of Lattice.
– Additional investors include Flexport as well as angel investors, including Max Mullen (Instacart), Joe Gebbia (Airbnb), Aaron Levie (Box), Marc Benioff (TIME Ventures), Gokul Rajaram (DoorDash), Lachy Groom (formerly of Stripe) and Scott Belsky (Behance).
– Having already become the B2B payments platform of choice for fast growing mid-market companies that need to regularly send a high volume of payments, Routable will use this funding to scale its team to expand upmarket into the enterprise space.