Plaid
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Investors
Founders
About
Plaid is a fintech infrastructure company founded in 2013 by Zach Perret and William Hockey, headquartered in San Francisco 1. The co-founders met as consultants at Bain & Company in Atlanta and initially set out to build a consumer financial planning app, but pivoted to building the API infrastructure layer connecting consumer bank accounts to financial applications 2. One of Plaid’s earliest customers was Venmo 2. In January 2020, Visa announced a $5.3 billion acquisition of Plaid, but the deal was abandoned in January 2021 after a DOJ antitrust lawsuit 1. The company has raised approximately $1.32 billion across 10 funding rounds 3.
Funding History
| Round | Date | Amount | Lead Investor(s) | Key Co-Investors | Valuation |
|---|---|---|---|---|---|
| Seed | Late 2013 | $2.8M | Spark Capital, GV, NEA | – 1 4 | – |
| Series A | 2014 | $12.5M | NEA | Spark Capital 3 4 | – |
| Series B | Jun 2016 | $44M | Goldman Sachs Investment Partners | NEA, Spark Capital 5 | – |
| Series C | Dec 2018 | $250M | Mary Meeker / Kleiner Perkins | Andreessen Horowitz, Index Ventures, Goldman Sachs, NEA, Spark Capital 6 | $2.65B |
| Series D | Apr 2021 | $425M | Altimeter Capital | Silver Lake, Ribbit Capital, Andreessen Horowitz, Index Ventures, Kleiner Perkins, NEA, Spark Capital, Thrive Capital 7 | $13.4B |
| Series D (ext) | Aug 2021 | Undisclosed | J.P. Morgan Private Capital, Amex Ventures | – 8 | – |
| Series E | Apr 2025 | $575M | Franklin Templeton | Fidelity, BlackRock, NEA, Ribbit Capital 9 | $6.1B |
What Investors Say
No independently sourced investor testimonials found.
What Founders Say
No independently sourced founder testimonials found.
Sources
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Plaid Inc., Wikipedia, accessed March 2026. https://en.wikipedia.org/wiki/Plaid_Inc.↩↩↩
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Contrary Research, “Report: Plaid Business Breakdown & Founding Story,” accessed March 2026. https://research.contrary.com/company/plaid↩↩
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Tracxn, “Plaid — 2026 Funding Rounds & List of Investors,” accessed March 2026. https://tracxn.com/d/companies/plaid/__PFsXp_Fl7Y2dkZ33wduP6cmZ6cBUapYqMjqrsc6oP9g/funding-and-investors↩↩
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Spark Capital, “Congratulations, Plaid!” Medium, accessed March 2026. https://medium.com/@sparkcapital/congratulations-plaid-2835ea8acbcf↩↩
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PR Newswire, “Plaid announces $44 million Series B led by Goldman Sachs Investment Partners,” June 2016. https://www.prnewswire.com/news-releases/plaid-announces-44-million-series-b-led-by-goldman-sachs-investment-partners-300286865.html↩
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TechCrunch, “Fintech startup Plaid raises $250M at a $2.65B valuation,” December 11, 2018. https://techcrunch.com/2018/12/11/fintech-startup-plaid-raises-250m-at-a-2-65b-valuation/↩
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TechCrunch, “Plaid raises $425M Series D from Altimeter as it charts a post-Visa future,” April 7, 2021. https://techcrunch.com/2021/04/07/plaid-raises-425m-series-d-from-altimeter-as-it-charts-a-post-visa-future/↩
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Plaid Blog, “Plaid announces additional Series D funding,” August 2021. https://plaid.com/blog/plaid-announces-additional-series-d-funding/↩
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TechCrunch, “Fintech Plaid raises $575M at a $6.1B valuation, says it will not go public in 2025,” April 3, 2025. https://techcrunch.com/2025/04/03/fintech-plaid-raises-575m-at-6-1b-valuation-says-it-will-not-go-public-in-2025/↩