Rutter, a San Francisco, CA-based startup that is building a universal commerce API, raised $27M in Series A financing.
The round was led by a16z with participation from Comma Capital, Basis Set Ventures, Haystack, Mischief Capital (CEO of Plaid), The Chainsmokers and founders and executives from Plaid, Modern Treasury, RedHat, Airwallex and more. In conjunction with the funding, Kristina Shenfrom a16z will be joining the Rutter board.
The company intends to use the funds to build out its team to 80-100 people by the end of the year focused on building out its engineering, customer success and go-to-market teams and continue to develop the data infrastructure layer to power all of commerce.
Led by Peter Zhou, Co-founder & CEO, and Eric Yu, Co-Founder & CTO, Rutter provides universal APIs for accounting systems and payment processors to help companies read and write data from notable commerce platforms like Shopify, Amazon, WooCommerce, BigCommerce, PrestaShop, Quickbooks, Xero, Stripe, Paypal and more.
Today, the company works with fintech companies like Ramp, Airwallex, Uncapped, Lenkie and more and supports a variety of ecommerce enablement companies including CJ Dropshipping, Gelato, Shirtsy, Moonshot Brands and more.
Rutter plans to support over 100+ integrations by the end of the year.
FinSMEs
15/03/2022