Gross Law Firm has acted for Melio, in closing a USD 110 million financing round, on a USD 1.3 billion valuation
Gross Law Firm has acted for Melio, in closing a USD 110 million financing round, on a USD 1.3 billion valuation, bringing B2B payments for small medium businesses into the 21st century.
Melio, a business payments service focused on small and medium businesses in the U.S., raised the money in a funding round led by Coatue and also included participation from previous backers Accel, Aleph, Bessemer Venture Partners, Corner Ventures, General Catalyst and Latitude.
It caps off a year for the company, which raised USD 130 million in 2020 (and USD 256 million overall), with other recent backers including others like American Express and Salesforce.
Amir Raz, partner in the firm’s Hi-Tech and Venture Capital practice, represented Melio along with attorneys Oren Kedmi, Shai Yom Tov, and intern May Grinfeld.
