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PayRange

Portland, US · Founded 2013 · 5 known investors

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PayRange operates an IoT platform that enables mobile payments for unattended retail machines like vending machines and air/water dispensers. The company processes transactions for self-service retail operators and consumers seeking contactless payment alternatives to cash.

ConsumerFintechIoTRetail Tech

Founders & leadership

PayRange was founded in 2013 by Paresh Patel.

PPParesh Patel
Paresh PatelFounderParesh Patel is founder and Executive Officer of PayRange, an IoT platform that processes contactless payments for unattended retail machines including vending machines and laundry dispensers. He holds over 100 patents and has raised hundreds of millions in venture funding to scale the business.

Investors · 5

GV (Google Ventures)listed by GV (Google Ventures)Mountain View · $250K – $50M

How we know: GV (Google Ventures)'s portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Matrixlisted by MatrixSan Francisco · $100K – $10M

How we know: Matrix's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us

Nycalisted by NycaNew York · $2M

How we know: Nyca's portfolio page · Not right? Tell us

Nyca Partnerslisted by Nyca PartnersNew York · $1M – $10M

How we know: Nyca Partners's portfolio page · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$3.1M disclosed across 3 rounds · 2014

▶$150KraisedAug 2014 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Paresh PatelExecutive Officer, Director, Promoter
  • Osama BedierDirector
Offering amount
$500K
Amount sold
$150K
First sale
Aug 2014
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.6MraisedJul 2014 · 13 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Paresh PatelExecutive Officer, Director, Promoter
  • Osama BedierDirector
Offering amount
$2.6M
Amount sold
$2.6M
First sale
Jul 2014
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$405.1KraisedJun 2014 · 4 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Paresh PatelExecutive Officer, Director, Promoter
Offering amount
$2M
Amount sold
$405.1K
First sale
May 2014
Incorporated
Corporation, Delaware, 2013
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

2 people who came through PayRange went on to found or lead other companies.

Paresh PatelFounderFounded VendScreenMichael KitchenChief Revenue OfficerFounded ScratchMobile

Frequently asked questions

What does PayRange do?
PayRange operates an IoT platform that enables mobile payments for unattended retail machines like vending machines and air/water dispensers. The company processes transactions for self-service retail operators and consumers seeking contactless payment alternatives to cash.
Who founded PayRange?
PayRange was founded by Paresh Patel in 2013.
Who are PayRange's investors?
PayRange's investors include Forefront Venture, GV (Google Ventures), Matrix, Nyca, Nyca Partners.
How much funding has PayRange raised?
PayRange has disclosed $3.1M raised across 3 rounds.
Where is PayRange headquartered?
PayRange is headquartered in Portland, US.