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Braintree Banks $35 Million VC Investment

Thursday, October 18, 2012 5:56:00 AM PDT | VentureDeal

Chicago, Illinois  --  E-Commerce technology company Braintree has received $35 million in its second institutional venture capital round.

Braintree has developed technologies that help businesses process credit card payments more easily.

New Enterprise Associates led the round, which included previous investors Accel Partners, RRE Ventures and Greycroft Partners.

The company said it would use the financing for international expansion and to bring to market additional new payment capabilities.

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