Funding round
Checkout.com Series A
Checkout.com, which works in global payment processing services in London, raised $230M in a Series A round announced on 30 Jun 2019. It is Checkout.com's first venture round on record.
$230M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Checkout.com did not disclose a valuation in this round. It is Checkout.com's first venture round on record, 7 years after it was founded in 2012. It is 13% of the $1.83B Checkout.com has raised in the venture rounds on record. Checkout.com raised again 12 months later: a Series B round of $150M in Jun 2020, at $5.50B post-money.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion and scaling operations.
- Hiring
- Geographic expansion
- Scaling operations
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 25 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 |
|---|---|---|---|---|
| Addi Payment Processing & Point of Sale | 11 Jun 2019 | $13M | not disclosed | Andreessen Horowitz |
| 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 2 sources.
Questions
Frequently asked
How much did Checkout.com raise in its Series A round?
Checkout.com raised $230M in its Series A round, announced in Jun 2019.
What was Checkout.com'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 25 times the median.
Did Checkout.com raise again after this round?
Yes: a Series B round in Jun 2020 of $150M at $5.50B post-money.