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Dwolla Collects $5 Million Second VC Round

Thursday, February 9, 2012 5:54:00 AM PDT | VentureDeal Staff
   Des Moines, Iowa  --  eCommerce company Dwolla has raised $5 million in its second round of institutional venture capital financing.

Dwolla is developing what it calls a "new payment experience that's powered by you."

Union Square Ventures led the round, was also included Village Ventures, Thrive Capital and other undisclosed investors.

The compan said it would use the financing for product development and to expand its API capabilities.

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