Gunderson Dettmer represented client Thrive Capital as it co-led the $250 million Series D financing of Melio, an Israeli payments platform geared toward small and medium-sized US businesses. The round brings the company’s valuation to $4 billion.

In the announcement of the transaction, investor at Thrive Capital Vince Hankes said, “Melio has been a critical partner for small businesses as they navigated the financial constraints of the pandemic-induced economic downturn. For many, the ability to implement and adopt these digital payment solutions has been the key to keeping their doors open – proving that digital payment platforms are critical to small business growth.”

The Gunderson deal team was led by Michael Allers and included Ryan Purcell, Alex Khachaturian, David Styles and Brandon Joseph.