a16z backs Rutter’s goal of being ‘Plaid for commerce’
https://techcrunch.com/2022/03/15/a16z-backs-rutters-goal-of-being-plaid-for-commerce/
Seven months after publicly launching its company, Rutter is back with a new capital injection, this time $27 million in a Series A financing round led by Andreessen Horowitz.
We first met founders Eric Yu and Peter Zhou last year when the company raised $1.5 million. They started off building a universal e-commerce API for reading and writing data so that tech customers can integrate with commerce platforms and access financial data points to offer loans, launch in new marketplaces and streamline inventory syncing for brand management.