Payment startup Balanced adds $2M to seed round

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Payment technology startup Balanced, led by CEO Matin Tamizi, has raised another $2 million in seed funding, including backing from Andreessen Horowitz.

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Cromwell Schubarth

Senior Technology Reporter- Silicon Valley Business Journal

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Payment technology startup Balanced has reportedly added $2 million to its seed round with participation from Andreessen Horowitz.

Venturebeat reported that Menlo Park-based Andreessen Horowitz' involvement was led by General Partner Jeff Jordan, the former PayPal president.
The new money brings the total raised by the San Francisco startup led by CEO Matin Tamizi to $3.4 million.
The company's technology runs in the background, so that consumers don't have to sign up for an account to use it.

Balanced was called PoundPay when it went through Y Combinator’s Winter 2011 class. It launched publicly in November 2012 with the start of its seed round coming from Ashton Kutcher, AirBnB CEO Brian Chesky, Yishan Wong, Y Combinator and SV Angel.

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Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.

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