A Jacksonville fund has teamed up with one of the most storied venture capital firms in the country for an investment in a company that could reshape the way money moves across the world.
Jacksonville-based PS27 Ventures is part of a $10 million seed funding round raised by Payall, a Miami-based startup whose software simplifies cross-border payments. The round is led by Andreessen Horowitz — the fund whose investments include Airbnb, GitHub, Facebook and Twitter — which contributed $8 million.
PS27 and some other investors contributed the remaining $2 million.
“The wonderful thing about this is we’re not only connected to a great founder and entrepreneur and what we believe is going to be a unicorn,” PS27 CEO Jim Stallings said, “but we also have our local investor here in Jacksonville that are our limited partners that are now in a substantial deal.” Read more from the Jacksonville Business Journal.