Prepaid Technologies Company, Inc. announced that it has received $96 million in funding from Edison Partners L.P., StepStone Group Inc., Stifel Venture Corp., Top Tier Capital Partners, LLC
November 01, 2021
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Prepaid Technologies Company, Inc. announced that it has received $96,000,000 in a round of funding co-led by new investor, Edison Partners X, LP, a fund managed by Edison Partners L.P. and StepStone Group Inc. on November 2, 2021. The transaction also included participation from Stifel Venture Corp. and Top Tier Capital Partners, LLC.
StepStone Group Inc. is a private markets investment firm. It is focused on providing customized investment solutions and advisory, data and administrative services to its clients. The Company partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes. Its portfolios utilize several types of synergistic investment strategies with third-party fund managers, including commitments to funds, acquiring stakes in existing funds on the secondary market and investing directly into companies. Its solutions are offered across various commercial structures, including separately managed accounts, focused commingled funds, advisory, data and administrative services, and portfolio analytics and reporting. Its advisory, data and administrative services include recurring support of portfolio construction and design, and discrete or project-based due diligence.
Prepaid Technologies Company, Inc. announced that it has received $96 million in funding from Edison Partners L.P., StepStone Group Inc., Stifel Venture Corp., Top Tier Capital Partners, LLC