Gr4vy nabs multi-million dollar investment from W23 for expansion within Australia and APAC region
Cloud native payments infrastructure company, Gr4vy, has announced an investment from W23, Woolworths Group’s venture capital arm.
An exact figure was not made available, but those involved said it was a multi-million dollar deal.
This expands on an existing partnership. Gr4vy previously raised $27.2 million in total funding and will use the new investment to further growth within Australia and the APAC region.
"Working in partnership with W23 and Woolworths Group, Australia’s largest retailer, gives us unprecedented access and understanding into the challenges large retailers face regarding payments," says John Lunn, Founder and CEO at Gr4vy.
“We’re committed to changing the payments industry landscape, delivering disruptive solutions and constant innovation, and W23 is the perfect partner to work with as we continually expand operations within Australia, the APAC region and scale worldwide."
"W23 invests in innovative companies across a wide range of verticals. We're always on the lookout for businesses and technology that disrupt the status quo," says Ingrid Maes, Managing Director at W23.
"Gr4vy's cutting-edge payment orchestration platform and infrastructure makes managing payment complexities easy and simplifies offering payment optionality. We're pleased to work with them as a trusted partner and to help support their business goals and continued success."
Woolworths Group announced a multi-year partnership with Gr4vy in October 2022, with the latter’s payment orchestration platform (POP) technology powering the retailer’s Wpay platform.
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