# PayIt funding: rounds and investors

> PayIt has raised $190M across 2 rounds since 2019. Investors include Insight Partners, Advantage Capital and Insight Partners. Every round with its source.

Source: https://millionrounds.com/company/payit (Millionrounds; every figure on the page links to its filing or article)

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *PayIt*

2 rounds we have observed, with the 4 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.

Fintech

Funding summary Updated 26 Oct 2026

**$190M** raised across 2 rounds since 2019, from 2 sources

**$100M** Round **$90M** Venture

- **Latest round:** Venture, $90M Aug 2022
- **Biggest round:** $100M Round · Mar 2019
- **Investors:** 4

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.

2020 2021 2022

**$100M** Round

**$90M** Venture

- **First round:** Round, $100M
- **Biggest round:** $100M
- **Between rounds:** 3.3 years

## The rounds

- **Aug 2022** Venture **$90M** *3 new* [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Advantage Capital](https://millionrounds.com/fund/advantage-capital) [KCRise Fund](https://millionrounds.com/fund/kcrise-fund) Source recorded SEC filing: $29M sold, first sale Jan 2020
- **Mar 2019** Round **$100M** *1 new* [Insight Partners](https://millionrounds.com/fund/insight-partners) Reported by TechCrunch

## Founders and team

From the SEC filings it signed: 2 on the team.

- **John P Thomson** Executive Officer, Director i
- **Michael S Plunkett** Executive Officer, Director i

On the board, as filed i *Kevin P Childress* *Scott P Murphy* *Will P Weatherford*

## 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.

**Round** 2019 **Venture** 2022 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Advantage Capital](https://millionrounds.com/fund/advantage-capital) [Insight Partners](https://millionrounds.com/fund/insight-partners) [KCRise Fund](https://millionrounds.com/fund/kcrise-fund)

## Everyone who backed them

[Insight Partners](https://millionrounds.com/fund/insight-venture-partners) VC firm **1** round

[Advantage Capital](https://millionrounds.com/fund/advantage-capital) Corporate VC **1** round

[Insight Partners](https://millionrounds.com/fund/insight-partners) Company **1** round

[KCRise Fund](https://millionrounds.com/fund/kcrise-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=payit).

## Also claim to have backed them

This firm lists PayIt 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.

[Caplin Ventures](https://millionrounds.com/fund/caplin-ventures) VC firm Per its own site

## Quick answers about PayIt

### Who invested in PayIt?

PayIt's investors include Insight Partners, Advantage Capital, Insight Partners and KCRise Fund.

### How much has PayIt raised?

PayIt has raised $190M across 2 rounds since 2019.

### When did PayIt last raise?

PayIt's most recent round was a Venture of $90M in Aug 2022.

### What was PayIt's biggest round?

PayIt's largest round on record is $100M (Undisclosed round), in Mar 2019.

### Who backed PayIt first?

PayIt's first round on record, in Mar 2019, was backed by Insight Partners.

### What stage is PayIt at?

PayIt's latest named round is a Venture, in Aug 2022.

### Where is PayIt based?

PayIt is based in the United States.

## Companies like PayIt

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Gradient** $24M · Oct 2026](https://millionrounds.com/company/gradient)

## Find investors like these

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