Basis Theory Announces $33M Series B Led by Costanoa Ventures

Gunderson Dettmer represented client Basis Theory in its $33 million Series B financing led by Costanoa Ventures, with participation from Stage 2 Capital and Moneta VC. The round also received continued support from Bessemer Venture Partners, Kindred Ventures, Box Group and Offline Ventures.

Basis Theory offers a fully programmable vault to create engaging commerce flows, connect with any partner and effortlessly manage compliance while keeping control of payments data.

The company will use the new capital to accelerate the development of agentic payments, expand platform capabilities to support more payment methods and facilitate the adoption of agentic products that are optimized for a post-quantum world.

In the announcement of the transaction, Basis Theory co-founder and CEO Colin Luce said, “Because agentic commerce enables AI agents to handle shopping and transactions on behalf of human users, this investment will help merchants, platforms, and even machines move beyond simple assistance and start transacting more confidently, and securely.”

The Gunderson deal team was led by Joe Raffetto and included Brenden Glapion and Julia Golombik.

Companies
Basis Theory
Costanoa Ventures
Stage 2 Capital
Moneta VC
Bessemer Venture Partners
Kindred Ventures
Box Group
Offline Ventures