(Bloomberg) — Andreessen Horowitz is leading a $6.4 million seed funding round into Berlin-based Payrails, and is joined by other backers including HV Capital and Delivery Hero SE Chief Financial Officer Emmanuel Thomassin, according to a statement Thursday.
Payrails is led by Chief Executive Officer Orkhan Abdullayev, who was vice president of fintech at Delivery Hero. Founded late last year, the startup is building out a platform to provide enterprise companies with infrastructure that knits together different payments technologies across geographies and offer performance tracking with analytics.
Andreessen Horowitz recently raised $9 billion for investments, and has previously backed firms in Europe including the U.K.’s Wise Plc and Hopin.
While the firm has no immediate plans for a local office, General Partner David Haber wouldn’t rule one out in the future. He added that he and investment partner Seema Amble are “informally” helping lead the firm’s Europe effort.
“Historically the firm has not only been fairly U.S. centric but its been very Bay Area centric. But I think Covid has certainly changed a lot, I think crypto has certainly changed a lot,” said Haber in an interview. “You will see us continue to do a lot more across Europe and expand the perimeter of the firm.”
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