Melio turned down higher valuations on every funding round
Matan Bar · 20VC: Scaling to a $1.3Bn Valuation While in Stealth, The Power of Different Network Effects Within Payment Platforms & How To Leverage Your Board and Investor Base for the Most Value with Matan Bar, Founder & CEO @ Melio · Feb 11, 2021 · at 30:33
Matan Bar is the co-founder and CEO of B2B payments startup Melio. He discusses how Melio prioritizes investor quality and alignment over maximizing valuation.
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“We turned down higher valuations than the ones we took from our current investors on every round, really. Like, on our A, we had a higher valuation from another VC. On our B, on our C, this last round as well, we always received higher valuations, but we picked the investor that we want to work most with.”
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