DEUNA, a Palo Alto, California-based SaaS startup that focused on delivering a magical online checkout experience for customers, raised $30 million in Series A funding, bringing the company’s total raised to $37 million.
The round was led by Activant Capital, with participation from Valor Capital, Abstract Ventures, Acrew Capital, Upload Ventures, and a group of individual founder investors from companies including Plaid, Kavak, Jeeves, Xepelin, iFood, and R2.
DEUNA plan to use the new capital to expand its presence in Mexico, Colombia, Ecuador, and Chile, product development, go to market, add employees to its team of 90, and enter new countries, like Brazil, in the coming months.
Round: Series A
Funding Month: July 2022
Lead Investors: Activant Capital
Additional Investors: Valor Capital, Abstract Ventures, Acrew Capital, Upload Ventures
Company Website: https://en.deuna.com/
Software Category: E-commerce
About the Company: Founded in late 2020 by Roberto Enrique Kafati Santos and Jose Maria Serrano, DEUNA is a SaaS startup that enables a 1-click checkout buying experience and expands its sales network for e-commerce merchants. DEUNA focused on delivering a magical online checkout experience for customers, and solutions for the top three challenges merchants have today: conversion, acceptance, and fraud. DEUNA provides a payments infrastructure that integrates with major payment providers and alternative payment methods and provides merchants access to more than 3 million users. In addition, merchants can use the tools to handle payment orchestration, payment processing, fraud prevention, and lifecycle management based on actionable user real-time analytics.