E4X raises $14 million in third round funding

E4X raises $14 million in third round funding

E4X, a New York-based provider of currency management and conversion services for online merchants, has closed a $14 million third round of financing led by Adams Street Partners.

Other investors included Venture Strategy Group, On-Line Ventures and existing investors, Pitango Venture Capital and Delta Ventures.

George Spencer of Adams Street Partners and Steve Getsy of On-Line Ventures will join the E4X board of directors.

E4X provides an online service that allows merchants to sell goods using in foreign currencies but receive payment in their local currency.

Yuval Tal, CEO of E4X, says: "We are confident that this funding, coupled with E4X's growing revenues and market presence, will enable us to rapidly leverage our success, recruit highly qualified individuals and expand into new markets."

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