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Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Former Google exec raises $28M to start shipping his smart payment terminals
Last year, Osama Bedier introduced what he deemed the future of payment terminals: a developer-friendly payment point of sale that accepts everything from Apple Pay to Samsung Pay, Android Pay, and chip-based credit cards.
In order to deliver on the promise of the new payment terminal, Poynt needs to ramp up manufacturing.
Today, the company is announcing a series B round of $28 million to help it build and ship terminals before the year is out. Growth equity fund Oak HC/FT led the round. Stanford-StartX Fund, Matrix Partners, Webb Investment Network, and Nyca Partners also contributed.
Startupy fashion company Betabrand raises $15M
San Francisco-based fashion label Betabrand, the startup that brings to you theDress Pant Yoga Pants, announced today that it has closed $15 million in funding from Morgan Stanley and Foundry Group. Betabrand is not your usual clothing brand; the startup crowdsources designs and then jumps into production, creating items like the Best Travel Pants and the Women’s Activewear Casual Blazer.
This list will be updated with breaking funding news all day. Check back for more.
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