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Venture firms exit bill-paying app Check in $360m sale to Intuit

27 May 2014

check incVenture capital-backed bill-paying app Check has been bought by Intuit in a $360m deal.

Morgenthaler Ventures, Pitango Venture Capital and Menlo Ventures are all backers of the business, which has about 10 million registered users.

Check picked up $47m through an angel round and three institutional investor rounds, most recently a $24m Series C led by Menlo.

Morgenthaler and Pitango, who had previously backed the business, also took part in that round.

The deal is expected to close in the fourth quarter of 2014.

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