Funding round
Addi Series B
Addi, which works in digital commerce platform development in Bogota, raised $75M in a Series B round announced on 8 Sep 2021, led by Greycroft. 10 firms took part, 6 of them already investors. It is Addi's third venture round on record; the one before was a Series A in Jun 2019.
$75M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Addi did not disclose a valuation in this round. It came 27 months after Addi's Series A. It is 27% of the $280M Addi has raised in the venture rounds on record. Addi raised again 30 months later: a Growth round of $36M in Mar 2024.
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 this round 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
Greycroft led the round with 9 other firms. Andreessen Horowitz, Endeavor, Foundation Capital and Monashees and 2 more had backed Addi before.
Lead investor
- Greycroft backs 236 venture-backed companies new investor
Also in the round
- GGV Capital new investor
- backs 9 venture-backed companies new investor
- Intersection Growth Partners new investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Endeavor backs 236 venture-backed companies existing investor
- Foundation Capital backs 144 venture-backed companies existing investor
- Monashees backs 73 venture-backed companies existing investor
- backs 72 venture-backed companies existing investor
- Union Square Ventures backs 171 venture-backed companies existing 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
74 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $41M, and this round was 1.8 times the median. The closest in time, other companies' Series B rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aspire Payment Processing & Point of Sale | 26 Sep 2021 | $158M | not disclosed | DST Global |
| Payment Processing & Point of Sale | 21 Sep 2021 | $35M | not disclosed | Smartfin |
| Payment Processing & Point of Sale | 1 Sep 2021 | $24M | not disclosed | BlackFin and Partech |
| Payment Processing & Point of Sale | 14 Sep 2021 | $24M | $118M | Heliad and Neva SGR |
| Payment Processing & Point of Sale | 7 Sep 2021 | undisclosed | not disclosed | not named |
| Payment Processing & Point of Sale | 25 Aug 2021 | $116M | not disclosed | Greenoaks |
| Payment Processing & Point of Sale | 12 Oct 2021 | $50M | not disclosed | Unnamed institutional fintech investors |
| Payment Processing & Point of Sale | 19 Oct 2021 | $50M | $425M | ICONIQ Growth |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Addi raise in its Series B round?
Addi raised $75M in its Series B round, announced in Sep 2021.
Who led Addi's Series B round?
Greycroft led it, with GGV Capital, Citius, Intersection Growth Partners, Andreessen Horowitz and Endeavor and 4 more.
What was Addi's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Payment Processing & Point of Sale?
74 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $41M, and this round was 1.8 times the median.
Did Addi raise again after this round?
Yes: a Growth round in Mar 2024 of $36M.