Teampay Overview
- Year Founded
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2016

- Status
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Acquired/Merged
- Employees
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63

- Latest Deal Type
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M&A
Teampay General Information
Description
Developer of a distributed spend management platform designed to help organizations manage their expenses. The company's platform delivers a user-friendly workflow that aligns spenders and finance, collects critical data, integrates it into legacy systems, and provides safe intelligent payments, enabling clients to solve common problems of policy misalignment, lack of transparency, and unpredictable spending.
Contact Information
Website
www.teampay.co(Operating Subsidiary)
Corporate Office
- 228 Park Avenue South
- 7th Floor, PMB 85099
- New York, NY 10003
- United States
Corporate Office
- 228 Park Avenue South
- 7th Floor, PMB 85099
- New York, NY 10003
- United States
Teampay Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
11. Merger/Acquisition | 25-Apr-2024 | Completed | Generating Revenue | |||
10. Later Stage VC | 06-Dec-2023 | Completed | Generating Revenue | |||
9. Later Stage VC (Series B) | 30-Nov-2022 | Completed | Generating Revenue | |||
8. Later Stage VC (Series B1) | 14-Oct-2021 | Completed | Generating Revenue | |||
7. Early Stage VC (Series B2) | 17-Sep-2020 | Completed | Generating Revenue | |||
6. Debt - PPP | 04-Apr-2020 | Completed | Generating Revenue | |||
5. Early Stage VC (Series A) | 26-Sep-2019 | Completed | Generating Revenue | |||
4. Accelerator/Incubator | 14-Feb-2018 | Completed | Generating Revenue | |||
3. Seed Round | 06-Feb-2018 | $4M | $4M | Completed | Generating Revenue | |
2. Accelerator/Incubator | 27-Sep-2017 | Completed | Generating Revenue |
Teampay Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series B-1 | ||||||||
Series B-2 | ||||||||
Series A | ||||||||
Seed 3 | ||||||||
Seed 2 | 1,549,233 | $0.000100 | $0.44 | $0.44 | 1x | $0.44 | 3.73% | |
Seed 1 | 5,370,894 | $0.000100 | $0.59 | $0.59 | 1x | $0.59 | 12.92% |
Teampay Comparisons
Industry
Financing
Details
Teampay Competitors (24)
One of Teampay’s 24 competitors is Coupa, a Private Equity-Backed company based in Foster City, CA.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Coupa | Private Equity-Backed | Foster City, CA | ||||
Emburse | Private Equity-Backed | Dallas, TX | ||||
Procurify | Venture Capital-Backed | Vancouver, Canada | ||||
Mint Payments | Private Equity-Backed | Sydney, Australia | ||||
Kashoo Cloud Accounting | Corporate Backed or Acquired | Vancouver, Canada |
Teampay Patents
Teampay Recent Patent Activity
Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
---|---|---|---|---|---|
US-11645701-B2 | Method, medium, and system for a rules engine, such as for purchase request management | Active | 31-Mar-2020 | ||
US-20210304287-A1 | Rules engine, such as for purchase request management | Active | 31-Mar-2020 | ||
US-20230245214-A1 | Rules engine, such as for purchase request management | Pending | 31-Mar-2020 | ||
US-10755339-B2 | System and method of purchase request management using plain text messages | Active | 17-Mar-2017 | ||
US-11501360-B2 | System and method of purchase request management using plain text messages | Active | 17-Mar-2017 | G06Q30/0635 |
Teampay Signals
Teampay Former Investors (39)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
Alumni Ventures | Venture Capital | Minority | ||
Buffalo Ventures | Venture Capital | Minority | ||
CCIX Global | Asset Manager | Minority | ||
Cassis & Cassis Capital | Venture Capital | Minority | ||
Commerce.Innovated | Accelerator/Incubator | Minority |
Teampay FAQs
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When was Teampay founded?
Teampay was founded in 2016.
-
Where is Teampay headquartered?
Teampay is headquartered in New York, NY.
-
What is the size of Teampay?
Teampay has 63 total employees.
-
What industry is Teampay in?
Teampay’s primary industry is Financial Software.
-
Is Teampay a private or public company?
Teampay is a Private company.
-
What is Teampay’s current revenue?
The current revenue for Teampay is
. -
How much funding has Teampay raised over time?
Teampay has raised $96.5M.
-
Who are Teampay’s investors?
Alumni Ventures, Buffalo Ventures, CCIX Global, Cassis & Cassis Capital, and Commerce.Innovated are 5 of 39 investors who have invested in Teampay.
-
Who are Teampay’s competitors?
Coupa, Emburse, Procurify, Mint Payments, and Kashoo Cloud Accounting are some of the 24 competitors of Teampay.
-
When was Teampay acquired?
Teampay was acquired on 25-Apr-2024.
-
Who acquired Teampay?
Teampay was acquired by PayStand.
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