Funding round
Addi Growth
Reported as "Growth Equity"
Addi, which works in digital commerce platform development in Bogota, raised $36M in a Growth round announced on 24 Mar 2024, led by Andreessen Horowitz and Union Square Ventures. 2 firms took part. It is Addi's fourth venture round on record; the one before was a Series B in Sep 2021.
$36M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Addi did not disclose a valuation in this round. It came 30 months after Addi's Series B. It is 13% of the $280M Addi has raised in the venture rounds on record. Addi raised again 13 months later: a Growth round of $70M in Apr 2025.
Addi's funding rounds
Addi has 6 venture rounds on record and 5 other deals. This one is highlighted.
- Seed 1 Mar 2019 $1.5M
- Series A 11 Jun 2019, led by Andreessen Horowitz $13M
- Debt not a venture round 27 May 2021 $30M
- Series B 8 Sep 2021, led by Greycroft $75M
- Debt not a venture round 20 Dec 2021, led by Softbank and GIC $200M$700M post-money
- Growth this round 24 Mar 2024, led by Andreessen Horowitz and Union Square Ventures $36M
- Debt not a venture round 20 Nov 2024, led by Victory Park Capital $100M
- Growth 4 Apr 2025 $70M
- Debt not a venture round 24 Sep 2025 $50M
- Debt not a venture round 10 Nov 2025 $71M
- Series D 1 Jul 2026, led by Citius and BTG Pactual $85M
Investors
Who put money in
Andreessen Horowitz and Union Square Ventures led the round.
Lead investors
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Union Square Ventures backs 171 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
25 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $63M, and this round was 57% of the median. The closest in time, other companies' Growth rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| PPRO Payment Processing & Point of Sale | 13 Mar 2024 | $93M | not disclosed | not named |
| Payment Processing & Point of Sale | 27 Feb 2024 | $20M | not disclosed | Alpha Wave Global |
| SumUp Payment Processing & Point of Sale | 22 May 2024 | $307M | not disclosed | Sixth Street |
| Bilt Rewards Payment Processing & Point of Sale | 24 Jan 2024 | $200M | $3.10B | General Catalyst |
| Aspire Payment Processing & Point of Sale | 29 Jan 2024 | $79M | not disclosed | not named |
| Bridge Payment Processing & Point of Sale | 22 May 2024 | $58M | not disclosed | Sequoia Capital |
| Payment Processing & Point of Sale | 1 Jan 2024 | undisclosed | not disclosed | not named |
| Payment Processing & Point of Sale | 1 Jun 2024 | $125M | not disclosed | Summit Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Addi raise in its Growth round?
Addi raised $36M in its Growth round, announced in Mar 2024.
Who led Addi's Growth round?
Andreessen Horowitz and Union Square Ventures led it.
What was Addi's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Payment Processing & Point of Sale?
25 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $63M, and this round was 57% of the median.
Did Addi raise again after this round?
Yes: a Growth round in Apr 2025 of $70M.