By Raphael Michilis
15 May 2012
The American card processing start-up Plastiq has raised $ 2.35m in its first angel funding all-equity round.
The investment comes from capital firms Atlas Venture and Flybridge Capital Partners, according to a notice filed at the US Securities and Exchange Commission on 11 May.
The two venture companies regularly invest in technology innovation start-ups.
Plastiq intermediates online credit card payment of “large” and “luxurious” purchases - such as cars, boats, rent, and real estate - aimed at high end credit card holders of Discover, MasterCard World Elite card, the VISA infinite, or the AMEX platinum, says the Plastiq website.
Plastiq president, Eliot Buchanan, said the company targets “transactions in the $ 5,000 to $ 10,000 range,” reports an article on Mass High Tech (MHT) website.
Buchanan said Plastic “have upped the headcount to 10 employees, and by the end of the year, they hope to be at around 25,” reads MHT article without specifying how Plastiq will apply the capital raised in the seed funding.
Besides presiding Plastiq, Eliot Buchanan is also a MasterCard employee since February 2011.
15 May 2012
The American card processing start-up Plastiq has raised $ 2.35m in its first angel funding all-equity round.
The investment comes from capital firms Atlas Venture and Flybridge Capital Partners, according to a notice filed at the US Securities and Exchange Commission on 11 May.
The two venture companies regularly invest in technology innovation start-ups.
Plastiq intermediates online credit card payment of “large” and “luxurious” purchases - such as cars, boats, rent, and real estate - aimed at high end credit card holders of Discover, MasterCard World Elite card, the VISA infinite, or the AMEX platinum, says the Plastiq website.
Plastiq president, Eliot Buchanan, said the company targets “transactions in the $ 5,000 to $ 10,000 range,” reports an article on Mass High Tech (MHT) website.
Buchanan said Plastic “have upped the headcount to 10 employees, and by the end of the year, they hope to be at around 25,” reads MHT article without specifying how Plastiq will apply the capital raised in the seed funding.
Besides presiding Plastiq, Eliot Buchanan is also a MasterCard employee since February 2011.
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