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Hasso Plattner Ventures adds nearly $7 million to iZettle's Series C funding

Mobile point-of-sale provider iZettle today announces that another €5 million (US $6.8 million) have been added to the company's Series C round of funding, according to a press release. 

Hasso Plattner Ventures joins in investing in the Series C round of funding, which was led in May by London based growth investor Zouk Capital with participation from Dawn Capital and Intel Capital, and Series A and B investors Greylock Partners, Index Ventures, Northzone, Creandum and the Nordic financial services group SEB.

The additional funds bring iZettle's Series C to €45 million ($61 million), and total investment capital raised since the company was started in 2011 to just over €85 million ($118 million), according to the announcement. Investors in previous rounds have also included American Express, MasterCard and Banco Santander.

“There is no question that iZettle is already an international leader in mobile payments, and has the vision and viable business model to change an essential piece of the financial services industry,” Hasso Plattner Ventures Partner Shmuel Chafets, said in a statement.

Sweden-based iZettle will use the additional funds to continue growing existing markets and to introduce its services in more countries, the announcement said. 

"Hasso Plattner Ventures' contribution to our Series C is another vote of confidence," said Jacob de Geer, iZettle co-founder and CEO. “The additional capital further ensures that we can financially execute on our business plan and the experience and know-how they bring is guaranteed to be invaluable."