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Briefing

Payouts platform Trolley eyes expansion with US$23M Series B raise

Wavecrest Growth Partners led the all-equity round in the Toronto-based company, with participation from existing investor Pace Capital. (The Logic)

Briefing

Payouts platform Trolley eyes expansion with US$23M Series B raise

By Martin Patriquin
Nov 13, 2024
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Wavecrest Growth Partners led the all-equity round in the Toronto-based company, with participation from existing investor Pace Capital. (The Logic)

Talking point: Trolley’s latest round nearly equals the US$26.5 million the company has raised to date since 2016, according to PitchBook data. The company, which makes tools to reduce fraud and non-compliance, last raised US$17 million from undisclosed investors in October, but hasn’t disclosed its post-money valuation. Trolley will use the funds in part to expand its customer base beyond the more than 210 countries where payments are already accepted.

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