Led · Equity · Nov 2014

BlueSnap provides global payment processing technology for online and in-store merchants. The company processes payments across 110 platform types, in 60 currencies, operates in 180 countries and supports 29 languages. It has over 110 employees with offices in Waltham, Mass. (headquarters), Chicago, London, Silicon Valley, and Israel. Recent customers include PreSonus, Magisto, Symantec, and DudaMobile. BlueSnap plans to use new capital to continue global expansion and pursue strategic acquisitions. It competes with payment processors such as Adyen, Braintree, and Credorax. BlueSnap is a comprehensive global buying platform that helps businesses grow through configurable eCommerce, payment processing, eMarketing and subscription billing. The company offers BuyNow capability and supports over 5,000 online businesses across 145 countries, 60 currencies and 28 languages. BlueSnap announced a $115 million investment and acquisition by private equity firm Great Hill Partners. Leadership changes include CEO Ralph Dangelmaier and a newly assembled executive team across sales, marketing, payments, HR, risk, finance and legal. BlueSnap is expanding offices (Boston, Silicon Valley, Israel), rolling out a new brand identity and pursuing an aggressive technology roadmap including enhanced Smart Subscription services, a streamlined control panel and a configurable, scalable BuyNow page. The company has added new customers such as Henry Schein and OneHour Translations while retaining long-term clients like Autodesk, WiX and Matrix Games.