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Clover Network has collected $3 million, according to an SEC filing. This stealthy startup is developing a payment network to enable transactions out in the field. The technology turns tablets and mobile phones into point-of-sale terminals. It integrates with payment processors and third-party applications so businesses can expand their reach, while also maintaining synced and secure data in the cloud. Merchants don’t have to worry about servers and the API is open to developers.
Clover previously raised $5.8 million from Sutter Hill Ventures, Andreessen Horowitz, and Morado Venture Parters. This filing included Sutter Hill Ventures as well as Shutterfly CEO Jeff Housenbold. The company has not yet responded to requests for comments. Read the filing.
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