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Mintcom Raises Another 14 Millon

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Aug 13 2009 11:29am EDT

Mint.com Raises Another $14 Millon

Silicon Valley / San Jose Business Journal reports: Mint Software Inc. said Wednesday it has raised $14 million in a third round of funding, bringing its total up to $31 million.

The Mountain View-based online personal finance service which operates as Mint.com said the round was led by Palo Alto-based DAG Ventures.

New investor The Founder's Fund, based in San Francisco, was joined by existing investors First Round Capital of San Francisco and Menlo Park firms Benchmark Capital, Shasta Ventures and Sherpalo.

Mint said the funding will be used to expand staff, particularly in engineering, as well as to accelerate product upgrades and new partnership launches scheduled for the next 6-12 months.

Mint said it now has over 1.4 million registered users and is tracking over $175 billion in transactions and $47 billion in assets.

The company didn't disclose specific revenue numbers but said that is up eightfold in the past year.

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