Raises Series E Funding – Misspells 'Genius'

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Visa Unveils PayPal-Like Personal Payments Service For U.S. Consumers this morning announced that it has closed its fifth round of venture capital funding, led by Emergence Capital. Existing investors Mohr Davidow Ventures, Accel Partners and Deep Fork Capital also participated in the round, while earlier backer Walden International apparently did not.

The size of the round was not disclosed – had raised over $40 million over four rounds in the past according to CrunchBase.

In a stupendous twist of irony, the San Mateo company managed to misspell its own name in the press release (screenshot below for posterity), triggering yours truly to chuckle.

Update: looks like they fixed it.

Funny typos aside,, which offers marketing automation and sales lead management solutions, says it has been operating profitably and will use the additional capital to step up product development and marketing efforts.

The company also announced it has promoted Sam Weber from COO to CEO. co-founder David Thompson will step aside but stick around as strategic advisor.