Funding round
Airwallex Series F
Airwallex, which works in global payments processing in Singapore, raised $300M in a Series F round announced on 21 May 2025, led by Square Peg, at a $6.20B post-money valuation. 8 firms took part, 4 of them already investors. It is Airwallex's seventh venture round on record; the one before was a Series E in Oct 2022.
$300M
Amount raised
$6.20B
Post-money valuation
$5.90B pre-money
8
Investors
1 lead
1.1x
Step-up from the Series E
$5.50B in Oct 2022
4.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Airwallex at $6.20B after the new money, 1.1 times the $5.50B of its Series E (Oct 2022). The $300M bought investors about 4.8% of the company. It came 31 months after Airwallex's Series E. It is 22% of the $1.35B Airwallex has raised in the venture rounds on record. Airwallex raised again 7 months later: a Series G round of $330M in Dec 2025, at $8.00B post-money.
Airwallex's funding rounds
Airwallex has 9 venture rounds on record and 1 other deal. This one is highlighted.
- Pre-seed 5 Jul 2016, led by Gobi Partners $3.0M
- Series A 1 May 2017, led by Tencent Holdings $13M
- Other not a venture round 15 Dec 2017 $6.0M
- Series B 3 Jul 2018, led by Tencent and HSG $80M
- Series C 26 Mar 2019, led by DST Global $100M$1.00B post-money
- Series D 23 Mar 2021, led by Greenoaks $100M$2.60B post-money
- Series E 10 Oct 2022 $100M$5.50B post-money
- Series F this round 21 May 2025, led by Square Peg $300M$6.20B post-money
- Series G 8 Dec 2025, led by Addition $330M$8.00B post-money
- Series H+ 25 Jun 2026, led by Addition $320M$11.00B post-money
Investors
Who put money in
Square Peg led the round with 7 other firms. Square Peg, DST Global, Blackbird and Airtree had backed Airwallex before.
Lead investor
- backs 55 venture-backed companies existing investor
Also in the round
- DST Global backs 179 venture-backed companies existing investor
- Lone Pine Capital new investor
- backs 101 venture-backed companies existing investor
- backs 69 venture-backed companies existing investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Visa Ventures new investor
- Australian pension funds 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, working capital and acquisitions.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
- Acquisitions
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trucking and Logistics | 8 May 2025 | $200M | $1.20B | Kedaara Capital and Wellington Management |
| Applied Intuition Tech Companies | 17 Jun 2025 | $600M | $15.00B | BlackRock and Kleiner Perkins |
| Mainspring Energy Electric Supplies & Power Generation | 14 Apr 2025 | $258M | not disclosed | General Catalyst |
| Shield AI Aerospace and Defence | 15 Apr 2025 | $240M | $5.30B | not named |
| Tech Companies | 17 Jun 2025 | $235M | not disclosed | Dragoneer Investment Group |
| Altruist Investment Consultants & Financial Advisors | 22 Apr 2025 | $152M | $1.90B | GIC |
| Glean Tech Companies | 10 Jun 2025 | $150M | $7.20B | Wellington Management |
| Job&Talent Tech Companies | 10 Apr 2025 | $103M | $1.50B | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Airwallex raise in its Series F round?
Airwallex raised $300M in its Series F round, announced in May 2025.
Who led Airwallex's Series F round?
Square Peg led it, with DST Global, Lone Pine Capital, Blackbird, Airtree and Salesforce Ventures and 2 more.
What was Airwallex's valuation at the Series F round?
$6.20B post-money ($5.90B pre-money).
Did Airwallex raise again after this round?
Yes: a Series G round in Dec 2025 of $330M at $8.00B post-money.