Existing VC backers Morgenthaler Ventures and Pitango Venture Capital also participated.
Following the deal Menlo Ventures’ Doug Carlisle will join Check’s board and Avery More, founder and former CEO of CompuCom, joins as an independent board member.
“Check is in an excellent position to disrupt an industry with $20bn in revenues,” said Carlisle, managing director, Menlo Ventures. “We are excited to be involved in the company’s growth.”
Launched in 2008, Check’s free mobile app can be used to pay a bill with any payment method.
Menlo Ventures provides capital for seed through growth technology companies in the consumer and enterprise sectors. The firm has $4bn under management and is currently investing Menlo Ventures XI, a $400m fund with $20 million allocated to our Menlo Talent Fund for dedicated seed funding.
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