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Braintree Raises $34M From Accel

Online and mobile payments company Braintree has secured $34 million in venture financing.

Online and mobile payments company Braintree has secured $34 million in venture financing. Silicon Valley venture capital firm Accel Partners provided the funding.

Accel’s partner Ryan Sweeney will be added to Braintree’s board, adds TechCrunch. Braintree will use the funds for hiring additional engineers and for expansion of its sales and marketing efforts.

Click here for the release from PR Newswire.

Click here for additional coverage from TechCrunch.

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