Clover Analysis: $17M Raised
What is Clover?
Clover is a provider of point-of-sale systems and credit card processing solutions tailored for small businesses. Their technology streamlines payment processing and enhances operational efficiency. This enables businesses to save time, increase sales, and grow their operations effectively.
Location
255 Fiserv Dr, Brookfield, California, United States
Employees
1001-5000
Founded
2010
Parent Company
Fiserv
Revenue
$2.03B
Address
415 N Mathilda Ave Sunnyvale, CA, 94085-4222 United States
Public Company Status
Private
Recent Funding Round
Series A
Recent Venture Round Amount
$2,000,000
State of Headquarters
California
Product Features & Capabilities
- Point of Sale (POS) systems, Inventory management, Customer engagement tools, Online ordering, Payment processing, Reporting and analytics, App marketplace, Employee management features, Customizable hardware options.
Pricing
- Clover Retail Starter: $13 per month for 36 months or $279 up-front.
- Clover Retail Standard: $170 per month for 36 months or $1,799 up-front.
- Clover Retail Advanced: $230 per month for 36 months or $2,448 up-front.
- Clover Quick Service Starter: $105 per month for 36 months or $799 up-front.
How much Clover raised
Unknown - $2,000,000
July 2015Lead Investor: Social Starts
Unknown - $3,300,000
December 2012Lead Investor: Sutter Hill Ventures
Unknown - $5,500,000
April 2011Lead Investor: Andreessen Horowitz, Morado Venture Partners, Sutter Hill Ventures
Not specified - $5.8 million
March 2012Lead Investor: a16z
Who are the founders of Clover
JB
John Beatty
CEO
Latest Funding Round Size
The latest funding round for the company is the "Unknown" round from July 2015, with a size of $2,000,000.
Business Model
Revenue model includes hardware sales and subscription-based services for payment processing.
Market Focus
Clover primarily focuses on the financial technology industry, specifically as a credit card processing service for small businesses. They provide solutions that help businesses save time, increase sales, and grow operations.
Investors
- IvyCap Ventures
- Alteria Capital
- Accel
- Omnivore
- Mayfield Fund
- Sutter Hill Ventures
- a16z
- Espresso Capital
- Social Starts
- Jackson Investment Group
Competitors Overview
Clover's main competitors in the small business credit card processing market include:
- Square: Known for its user-friendly interface and no monthly fees, Square is often considered the best overall alternative to Clover. It offers a free point-of-sale (POS) system and is particularly strong
See something that needs updating? Suggest edits to this profile.
Financial Overview
$2.03BEstimated Revenue
$17MTotal Raised
Series A
April 13, 2011
Investors: Andreessen Horowitz, Morado Ventures
Venture Round
March 8, 2012
Investors: Not specified
Venture Round
December 27, 2012
Investors: Not specified
Unknown$2,000,000
July 2015
Investors: Social Starts
Unknown$3,300,000
December 2012
Investors: Sutter Hill Ventures
Unknown$5,500,000
April 2011
Investors: Andreessen Horowitz, Morado Venture Partners, Sutter Hill Ventures
Not specified$5.8 million
March 2012
Investors: a16z
Acquisition
$100,000,000December 2012
Acquired by: First Data