# Payfone funding: rounds and investors > Payfone has raised $116M across 8 rounds since 2008. Investors include RRE Ventures, Relay Ventures and Opus Capital Group LLC. Every round with its source. Source: https://millionrounds.com/company/payfone (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Payfone* 8 rounds we have observed, with the 18 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Cybersecurity Funding summary Updated 26 Oct 2026 **$116M** raised across 8 rounds since 2008, from 8 sources **$11M** Series B **$19M** Series C **$10M** Growth **$5.5M** Debt **$24M** Series E **$23M** Round **$24M** Round - **Latest round:** Round, $24M Apr 2019 - **Led by:** TransUnion - **Investors:** 18 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2008 2010 2012 2014 2016 2018 **?** Seed **$11M** Series B **$19M** Series C **$10M** Growth **$5.5M** Debt **$24M** Series E **$23M** Round **$24M** Round - **First round:** Seed - **Biggest round:** $24M - **Usual gap between rounds:** 15 months ## The rounds - **Apr 2019** Round **$24M** *4 new* [TransUnion](https://millionrounds.com/fund/transunion) Lead [Wellington Management](https://millionrounds.com/fund/wellington-management) [MassMutual Ventures](https://millionrounds.com/fund/massmutual-ventures) [Synchrony Ventures](https://millionrounds.com/fund/synchrony-ventures) Reported by FinSMEs SEC filing: $15M sold, first sale Apr 2019 - **Feb 2018** Round **$23M** *4 new* [Anil Aggarwal](https://millionrounds.com/fund/anil-aggarwal) [Jonathan Weiner](https://millionrounds.com/fund/jonathan-weiner) Andrew Prozes Synchrony Financial/ MassMutual Reported by FinSMEs SEC filing: $23M sold, first sale Feb 2018 - **Jan 2017** Series E **$24M** *2 new* Andrew Prozess BlueCross Reported by FinSMEs - **Oct 2015** Debt **$5.5M** *1 new* [Relay Ventures](https://millionrounds.com/fund/relay-ventures) From a historical funding record SEC filing: $5.5M sold, first sale May 2015 - **Oct 2013** Growth **$10M** *1 new* Early Warning Services Reported by sec.gov SEC filing: $10M sold, first sale Oct 2013 - **Apr 2011** Series C **$19M** *3 new* *3 returning* [RRE Ventures](https://millionrounds.com/fund/rre-ventures) [Verizon Ventures](https://millionrounds.com/fund/verizon-ventures) [American Express Ventures](https://millionrounds.com/fund/american-express-ventures) [Relay Ventures](https://millionrounds.com/fund/relay-ventures-4) [Opus Capital Group LLC](https://millionrounds.com/fund/opus-capital-group-llc) [Rogers Ventures](https://millionrounds.com/fund/rogers-ventures) Reported by finsmes.com SEC filing: $19M sold, first sale Apr 2011 - **Aug 2010** Series B **$11M** *2 new* *1 returning* [RRE Ventures](https://millionrounds.com/fund/rre-ventures) [Relay Ventures](https://millionrounds.com/fund/relay-ventures-4) [Opus Capital Group LLC](https://millionrounds.com/fund/opus-capital-group-llc) Reported by blogs.wsj.com SEC filing: $11M sold, first sale Feb 2010 - **May 2008** Seed **Amount undisclosed** *1 new* [RRE Ventures](https://millionrounds.com/fund/rre-ventures) From a historical funding record ## Founders and team From Payfone's own website and the SEC filings it signed: 1 founder, 10 on the team. **Rodger Desai** Chief Executive Officer & Founder *Named on its 2020 Form D* - **Adi Marom** Chief Customer Officer - **Ashley Kiolbasa** Chief Marketing Officer - **Eric Lesser** Chief Financial Officer - **Mitch Bompey** Chief Legal Officer - **Ori Snir** Chief Product Officer - **Scott Bonnell** Chief Revenue Officer - **Dan O'Keefe** Lead Independent Director - **Dimitre Boyukliev** Board of Directors - **Linda Mantia** Corporate Director - **Thomas FitzSimmons** Executive Officer i On the board, as filed i *Andrew Prozes* *Daniel O'Keefe* *Michael Spadafore* *Shai Cohen* *Stuart Ellman* *Zachary Fuchs* ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2008 **Series B** 2010 **Series C** 2011 **Growth** 2013 **Debt** 2015 **Series E** 2017 **Round** 2018 **Round** 2019 [RRE Ventures](https://millionrounds.com/fund/rre-ventures) [Relay Ventures](https://millionrounds.com/fund/relay-ventures-4) [Opus Capital Group LLC](https://millionrounds.com/fund/opus-capital-group-llc) [TransUnion](https://millionrounds.com/fund/transunion) L [Wellington Management](https://millionrounds.com/fund/wellington-management) [Relay Ventures](https://millionrounds.com/fund/relay-ventures) [MassMutual Ventures](https://millionrounds.com/fund/massmutual-ventures) [Verizon Ventures](https://millionrounds.com/fund/verizon-ventures) [American Express Ventures](https://millionrounds.com/fund/american-express-ventures) [Rogers Ventures](https://millionrounds.com/fund/rogers-ventures) ## Everyone who backed them [RRE Ventures](https://millionrounds.com/fund/rre-ventures) VC firm **3** rounds [Relay Ventures](https://millionrounds.com/fund/relay-ventures-4) VC firm **2** rounds [Opus Capital Group LLC](https://millionrounds.com/fund/opus-capital-group-llc) Investment firm **2** rounds [TransUnion](https://millionrounds.com/fund/transunion) Corporate VC **1** round, led 1 [Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **1** round [Relay Ventures](https://millionrounds.com/fund/relay-ventures) VC firm **1** round [MassMutual Ventures](https://millionrounds.com/fund/massmutual-ventures) VC firm **1** round [Verizon Ventures](https://millionrounds.com/fund/verizon-ventures) Corporate VC **1** round [American Express Ventures](https://millionrounds.com/fund/american-express-ventures) VC firm **1** round [Rogers Ventures](https://millionrounds.com/fund/rogers-ventures) VC firm **1** round [Synchrony Ventures](https://millionrounds.com/fund/synchrony-ventures) Corporate VC **1** round [Anil Aggarwal](https://millionrounds.com/fund/anil-aggarwal) Angel **1** round [Jonathan Weiner](https://millionrounds.com/fund/jonathan-weiner) Company **1** round Andrew Prozes no record of our own yet **1** round Andrew Prozess no record of our own yet **1** round BlueCross no record of our own yet **1** round Early Warning Services no record of our own yet **1** round Synchrony Financial/ MassMutual no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=payfone). ## Also claim to have backed them This firm lists Payfone as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above. [Stack Capital](https://millionrounds.com/fund/stack-capital) Private equity Per its own site ## Quick answers about Payfone ### Who invested in Payfone? Payfone's investors include RRE Ventures, Relay Ventures, Opus Capital Group LLC, TransUnion and Wellington Management, and 13 more on record. TransUnion led its latest round. ### How much has Payfone raised? Payfone has raised $116M across 8 rounds since 2008. One round did not disclose an amount, so the total is a floor. ### When did Payfone last raise? Payfone's most recent round was an Undisclosed round of $24M in Apr 2019, led by TransUnion. ### What was Payfone's biggest round? Its most recent round, $24M in Apr 2019, is also its largest on record. ### Who backed Payfone first? Payfone's first round on record, in May 2008, was backed by RRE Ventures. ### What stage is Payfone at? Payfone's latest named round is an Undisclosed round, in Apr 2019. ### Where is Payfone based? Payfone is based in the United States. ### Who led Payfone's rounds? TransUnion led the Undisclosed round in 2019. ## Companies like Payfone In the same sector, and raised in the last eighteen months. 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