PayDragon Reveals $1.35M Seed Funding For Mobile Payments

Los Angeles-based PayDragon has raised $1.35M in its seed funding, the firm disclosed Friday. The firm--which had earlier disclosed the seed round, but without dollar amounts--said the funding included Rustic Canyon Ventures, SV Angel, and Y Combinator, as well as Yuri Milner and Mark Schwartz. PayDragon is led by Hamilton Chan, and is aimed at making it easier for users to pay for local items using their mobile phone. The company is a refinement of Paperlinks, the QR-code based marketing firm started by Chan. More information »