Lowenstein Sandler represented PeakSpan Capital as lead equity investor in the Series A equity and debt funding round in Tapcheck, a leading on-demand pay provider. The round raised $225 million in combined equity and debt financing with support from PeakSpan and Victory Park Capital.
The funding will support the development of Tapcheck’s flagship product to give employees early access to their wages and accessibility of its Mastercard offering. Tapcheck intends to solidify its pioneer position in the next generation of earned wage access solutions.
PeakSpan Capital is a growth equity firm based in New York City and San Mateo. Having partnered with over 50 high-growth software businesses and with $1.7B+ in AUM, PeakSpan's mission is to be the partner of choice for growth-stage entrepreneurial teams who are building amazing software targeted at business buyers of all sizes. PeakSpan combines deep domain expertise within a select number of themes with a proprietary technology platform providing visibility into company and market performance to help disruptive entrepreneurs drive resilient, risk-adjusted value creation.
The Lowenstein team included Anthony O. Pergola and Sarah Gore.
