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Dwolla secures $12 million round of funding, will nearly double workforce

Des Moine based payments API startup Dwolla has raised a $12m Series D led by Foundry Group.

Dwolla's latest round of funding was led by Foundry Group with additional investment from Union Square Ventures, Next Level Ventures, Ludlow Ventures, High Alpha and Firebrand Atkin would not say how much the company has raised since its 2010 inception. Last February, before this new round of funding, Dwolla leaders said the company had raised about $42 million in total investments.

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funding