Funding round
Addi Series A
Addi, which works in digital commerce platform development in Bogota, raised $13M in a Series A round announced on 11 Jun 2019, led by Andreessen Horowitz. 4 firms took part. It is Addi's second venture round on record; the one before was a Seed in Mar 2019.
$13M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Addi did not disclose a valuation in this round. It came 3 months after Addi's Seed. It is 4.5% of the $280M Addi has raised in the venture rounds on record. Addi raised again 27 months later: a Series B round of $75M in Sep 2021.
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 this round 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 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 led the round with 3 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Monashees backs 73 venture-backed companies new investor
- backs 120 venture-backed companies new investor
- Sinai VC new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
45 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $9.2M, and this round was 1.4 times the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Checkout.com Payment Processing & Point of Sale | 30 Jun 2019 | $230M | not disclosed | not named |
| Payment Processing & Point of Sale | 27 Jun 2019 | $7.0M | not disclosed | BIP Capital |
| Payment Processing & Point of Sale | 27 Jun 2019 | $5.1M | not disclosed | Stride |
| Payment Processing & Point of Sale | 25 Jun 2019 | $5.0M | not disclosed | Quest Venture Partners |
| Payment Processing & Point of Sale | 16 Jul 2019 | $18M | not disclosed | Bain Capital Ventures |
| Payment Processing & Point of Sale | 6 May 2019 | $10M | not disclosed | GGV Capital |
| Aspire Payment Processing & Point of Sale | 1 Aug 2019 | $33M | not disclosed | MassMutual Ventures |
| Payment Processing & Point of Sale | 10 Apr 2019 | $11M | not disclosed | Point72 Ventures and FinTech Collective |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Addi raise in its Series A round?
Addi raised $13M in its Series A round, announced in Jun 2019.
Who led Addi's Series A round?
Andreessen Horowitz led it, with Monashees, Village Global and Sinai VC.
What was Addi's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
45 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $9.2M, and this round was 1.4 times the median.
Did Addi raise again after this round?
Yes: a Series B round in Sep 2021 of $75M.