Boston-area micropayments startup Peppercoin has raised an additional $2 million funding and close its second round at $10 million. The additional funds came from Total Technology Ventures, a VC firm focusing on the payments industry and based in Atlanta.
The second round, initially announced in August, was led by Wall Street Technology Partners and includes previous investor Pod Holding and an unnamed large, Boston-based institutional investment adviser. Several private individuals returned to participate in the round as well.
The new funds brings the company’s total funding to $16 million since its inception in 2003.
The firm, which initially targeted media and music companies for online content sales, is now expanding its horizons and has tied up recently with a number of financial players, including First Data, Chase Merchant Services and SunTrust Bank.
Related:
– Micropayments Firm Peppercoin Gets $8 Million Funding
– Peppercoin Receives $1.7 Million in Venture Funding, Launches Service
– Peppercoin Changes CEO, With New Round of Funding
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