How Much Did Highnote Raise? Funding & Key Investors

Date August 22, 2025
H

Highnote

COMPANY INFO

Highnote is a financial software company founded in 2020 by John MacIlwaine and Kin Kee. It has approximately 132 employees and is headquartered in San Francisco, California. Highnote develops a unified virtual payment platform designed to handle complex payment processing business flows, offering a developer-friendly open API and integrated issuer processor to help businesses accelerate growth through embedded card issuance and digital transformation. The company's website is https://highnote.com.

How Much Did Highnote Platform, Inc. Raise? Funding & Rounds and Investors

Highnote Platform, Inc. is a financial software company founded in 2020 by John MacIlwaine and Kin Kee. Based in San Francisco, California, Highnote specializes in developing a unified virtual payment platform tailored for complex payment processing business flows. Their platform features a developer-friendly open API and an integrated issuer processor, empowering businesses to accelerate growth through embedded card issuance and digital transformation. With approximately 132 employees and additional operations in London, Highnote is focused on helping companies launch and scale innovative payments programs.

Highnote Platform, Inc. funding has gained significant attention in the fintech space, reflecting a robust strategy and strong investor backing. Since its founding, Highnote Platform, Inc. has raised a total of over $139 million across five funding rounds, including two Seed rounds and three Early-Stage rounds. Notably, the company raised $91 million in its most recent Series B round in December 2024, aimed at scaling market expansion and launching new acquiring services. Their funding journey includes participation from top-tier investors and milestones focused on technology development, product launches, and geographic expansion—demonstrating a well-structured approach that balances both growth and operational excellence.

Funding Rounds

Series B - $91M - December 16, 2024

This Series B round was led by Adams Street Partners, raising $91 million to drive market expansion and introduce new acquiring services for Highnote Platform, Inc. The capital is allocated toward enlarging their platform’s capabilities and accelerating their global sales strategy.

Series A - $36.6M - April 27, 2021

Highnote Platform, Inc. secured $36.6 million in this Series A funding, spearheaded by Oak HC/FT. The funds supported product development, platform expansion, and the hiring of product and engineering teams, fueling rapid innovation and market entry.

Seed - $11.5M - October 15, 2020

The initial seed round brought in $11.5 million for Highnote Platform, Inc., led by Oak HC/FT with significant participation from Costanoa. The capital was used for the company’s launch and primary platform development efforts.

Series A (Additional) - Undisclosed - September 28, 2021

An additional Series A round on this date, led by Oak HC/FT, was intended to further support product and market expansion initiatives.

Seed (Additional) - Undisclosed - September 28, 2021

Highnote Platform, Inc. received further seed funding, again with Oak HC/FT as a lead investor, to reinforce its early growth and technical development.

Key Investors

Adams Street Partners

Adams Street Partners led the pivotal $91 million Series B funding round. Their role as lead investor marks a substantial endorsement of Highnote Platform, Inc. venture capital strategy and long-term growth vision.

Oak HC/FT

Oak HC/FT has been a cornerstone investor for Highnote Platform, Inc., leading both seed and Series A rounds. Their continued involvement has provided validation and critical capital at multiple stages of Highnote’s journey.

Costanoa

Costanoa participated in the early-stage funding rounds, backing Highnote Platform, Inc. investors in supporting foundational platform innovation and market entry.

Spring Creek Partners

As one of the participating investors, Spring Creek Partners played a role in providing capital for scale and product development in the company’s formative years.

Pinegrove Venture Partners

Pinegrove Venture Partners contributed to the Series B round, supporting Highnote Platform, Inc. investment in global expansion and new service lines.

Omega Venture Partners

Omega Venture Partners was involved as part of the extended investor group, helping Highnote Platform, Inc. funding rounds broaden their strategic and financial reach.

Renaud Laplanche

As an individual investor, Renaud Laplanche brought notable fintech expertise and network value, adding depth to Highnote Platform, Inc. venture capital portfolio.

SVB Capital

SVB Capital provided additional institutional backing, assisting Highnote Platform, Inc. in securing resources during critical growth phases.

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