Venture capital firm Blumberg Capital has invested $5m in an extended series A round for Rocket Internet-incubated Paymill, a payment service. Rocket Internet is the international e-commerce incubator founded by the Samwer brothers.
The new funds will be used to increase hiring and local operations across Europe.
The investment follows on from the €10m ($12m) previously raised in the A round from Holtzbrinck Ventures, a venture firm spun out from media parent Georg von Holtzbrinck Publishing Group, and early stage venture capital investor Sunstone Capital in January. Other investors in Paymill include Rocket Internet and RI Digital .
Mark Henkel, chief executive of Paymill, said: “The strong investment support from Holtzbrinck Ventures, Sunstone Capital emphasized our strong position as a technology leader in the European online payment market. With the latest investment of Blumberg Capital we want to make another step forward and continue our mission in optimizing our technical platform and our customer service. It’s our goal that everyone globally can accept online payments fast and easily.”