Amount Raised
$77 Million
Round Type
Venture
BurlingameInformation TechnologyFinancial ServicesSoftwareLending And InvestmentsFinanceFintechDescription
FinTech spend management platform Torpago announces today the closing of their oversubscribed $2M seed round. The round was led by Operate with participation from Clear Haven Capital Management, former Summit Partners Managing Partner Walter Kortschak, and other strategic angel investors. This investment comes in the wake of rapid growth for the company: 100% MOM throughout 2021 and into 2022. In addition to the equity round, Torpago secured a $75M warehouse financing round to support its rapid expansion and launch of its spend management platform.
Quick answer
Torpago raised $77 Million in a funding round, dated October 28, 2021. Torpago is based in Burlingame, California, United States.
- How much did Torpago raise?
- Torpago raised $77 Million in a funding round on October 28, 2021.
- What does Torpago do?
- Torpago is a FinTech spend management platform on a mission to disrupt traditional corporate credit cards and modernize spend management for businesses of all sizes.
- Where is Torpago based and how big is it?
- Torpago is based in Burlingame, California, United States. Fundz records about 22 employees.
- Who are the decision-makers at Torpago?
- Fundz holds 2 contacts at Torpago, including the Director, North America Partnerships. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Lending And Investments around the same time
Companies in the same sectors as Torpago that raised within 45 days of this round, from Fundz verified event records.
- Beeline Holdings raised an undisclosed amount (Series A) on December 9, 2021.
- Quavo raised $6M (Series A) on December 1, 2021.
- Quavo raised $6.6M on October 29, 2021.
- Leap Technologies raised $500K (Seed) on September 20, 2021.
- Arab Financial Services raised $98M (Funding Round) on December 9, 2021.
- Tyme raised $70M (Series B) on December 7, 2021.
Who to call at Torpago, and when
A new round usually means Torpago is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Torpago raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Torpago, from your own LinkedIn network
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Related People
Torpago 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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