Rutter, a start-up based in the United States that is “on a mission to enable innovative commerce experiences,” has raised $27 million in a Series A financing headed by Andreessen Horowitz.
Zachary Perret (CEO, Plaid), Charley Ma (GM Fintech, Alloy), Juan Santa Cruz (CRO, Modern Treasury), Bob Young (CEO, Red Hat), Ravi Parikh (CEO, Airplane), and Joshua Ma (CEO, Airplane) are among the other investors (CTO, Airplane and Benchling).
Comma Capital (David Ongchoco and Adarsh Bhatt), Basis Set Ventures, Haystack, Liquid2, The Chainsmokers (Mantis Capital), and Jim Lanzone are among the existing investors (CEO, Yahoo).
With this second round of fundraising, Rutter has now raised a total of $29.5 million.
“We believe that by providing a universal commerce API, we can accelerate the development of new commerce and financial services by abstracting away the complexities of dealing with different e-commerce storefronts, accounting systems, payment processors, and other merchant systems of records,” says co-founder and CEO Peter Zhou.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.