Global private equity and venture capital news and research

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.

Copyright © 2014 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016