News
HGP – Cloud Elements Raises New Funding Round from American Express Ventures
Funding Round to Help Bring New Digital Experiences to Market
DENVER, Oct. 30, 2018 (GLOBE NEWSWIRE) — Cloud Elements, the leading API integration platform for digital products, announced today that it has raised a new funding round from American Express Ventures, the strategic investment group within American Express. Amex Ventures joins existing investors Harbert Growth Partners, Rally Ventures, Access Ventures and Grotech Ventures, in backing Cloud Elements.
Cloud Elements will use capital from this round to continue its growth trajectory by bringing new integrated digital payment experiences to market.
“Enterprises are increasingly leveraging cloud-based services through API connections to help them run their operations,” said Lindsay Fitzgerald, Managing Director, Amex Ventures. “Cloud Elements helps companies simplify the process of managing their growing number of API connections with its unique ‘one-to-many’ approach to integration. We are pleased to help support Cloud Elements in its future growth as it explores how this technology can enable new payments capabilities in the B2B space.”
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