Branch Messenger Inc. has raised a $19.47 million round of venture capital, according to a recent filing with the SEC.
What Minneapolis-based Branch plans to do with the cash isn't yet clear. Branch declined to comment on the raise.
RELATED: Read Branch's completet filing
The cash comes from seven investors; Branch began raising the funds earlier this month, according to the filing. Matchstick Ventures general partner Ryan Broshar said his firm invested over $1.8 million into Branch in the round, which he described as a follow-on round with Branch's existing investors.
Some of Branch's other investors include Santa Monica, California-based March Capital Partners, Los Angeles-based CrossCut Ventures and Boulder, Colorado-based Techstars Ventures. Branch previously raised a $6.8 million round of venture capital in 2017 to help it hire.
Branch makes an app that helps hourly and gig workers get paid and manage their schedules. It was named the Business Journal's most promising startup of 2017. Last year, Branch CEO Atif Siddiqi was honored by Ernst & Young as an Entrepreneur of the Year.
