Tel-Aviv startup Balance raises $56 million in Series B funding

Balance, a startup from Israel that makes payments and checkout software for business-to-business marketplaces, has raised $56 million in Series B funding, bringing its valuation to $356 million.

• Co-founded by former PayPal employees Bar Geron and Yoni Shuster, Balance provides one-click payment tools to B2B e-commerce merchants and marketplaces to make payments seamless.
• The startup plans to use its new funding to expand its presence in North America and potentially move into new regions.
• Balance last raised $25 million in a Series A round led by Ribbit Capital, and with its latest funding, it has now raised $87 million in total funding to date.
• The latest round was led by Forerunner Ventures, with Salesforce Ventures, Hubspot Ventures, Lyra Ventures, and Gramercy Ventures also contributing.