Founded
31 Dec 2020
Address
Butter Payments Inc
1 Letterman Drive
C3500
San Francisco, CA 94129
United States
Phone
Website
Business classification
VCID: 11161053
Profile
Corporate information
Official name
Butter Payments Inc
Registration country
Official identities
US CIK 0001959723
Official name
Butter Payments Inc
Registration country
Official identities
US CIK 0001959723
Investment activity status
Active investor
Company type
Reducing involuntary churn by addressing failed subscription payments.Overview
Butter leverages patent-pending ML models to analyze hundreds of variables and deeply understand the real-time state for any given payment, which then allows us to optimize for authorization rate. The result? 5%+ of top-line ARR growth. Our clients include Fabletics, The Athletic, Dialpad, Dr. Squatch, Athena Club, Savage X Fenty, Found, Wyze Labs, airSlate, Tonal, JustFab, Hairstory, Eucalyptus, UrbanSitter, Simple, Bloom, Perlego, MuseScore, KitUp, Speechify and more.
Funding
Funding rounds
N/A USD 10,000,000
USD 10,000,000 (13 May 2024) at USD 135,000,000 valuation.
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Atomic Labs LLC | Venture capital fund that founds companies. | Initial investment. Round participant. | |
|
Norwest Venture Partners | Venture capital firm. | United States | Initial investment. Round participant. |
Cap Table
Current and past shareholders
| Investor | Contacts | Round | |
|---|---|---|---|
|
|
Atomic Labs LLC Venture capital fund that founds companies. |
N/A | |
|
|
Norwest Venture Partners Venture capital firm. |
+1 (650) 321-8000 |
N/A |