Global payment gateway BlueSnap has landed $50 million in new growth investment, money the company said it will use to expand its global operations and pursue strategic acquisitions.
The new funding was led by new investor Parthenon Capital Partners, along with longtime investor Great Hill Partners and BlueSnap CEO Ralph Danglemaier. The company, which was founded in 2002, previously raised $133 million from Great Hill and Susquehanna Growth Equity.
Parthenon managing partner Brian Golson will join the company’s board, and Zach Sadek, principal at Parthenon, will be a board advisor.
BlueSnap, which has 110 employees in Boston, Chicago, London, Silicon Valley and Israel, says it supports shoppers in 180 countries with localization in 29 languages, 60 currencies and 110 payment types. The company is focused specifically on mobile checkout, especially for cross-border merchants, and is designed to help online retailers meet PCI security requirements with programming interfaces, client-side encryption and dynamic hosted checkout pages.
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