Funding round
Checkout.com Series D
Checkout.com, which works in global payment processing services in London, raised $1.00B in a Series D round announced on 12 Jan 2022, at a $40.00B post-money valuation. 14 firms took part. It is Checkout.com's fourth venture round on record; the one before was a Series C in Jan 2021.
$1.00B
Amount raised
$40.00B
Post-money valuation
$39.00B pre-money
14
Investors
no lead named
7.3x
Step-up from the Series B
$5.50B in Jun 2020
2.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Checkout.com at $40.00B after the new money, 7.3 times the $5.50B of its Series B (Jun 2020). The $1.00B bought investors about 2.5% of the company. It came 12 months after Checkout.com's Series C. It is 55% of the $1.83B Checkout.com has raised in the venture rounds on record. No later venture round is on record for Checkout.com.
Investors
Who put money in
14 firms took part; no lead investor was named.
Investors
- Tiger Global backs 391 venture-backed companies new investor
- Altimeter backs 67 venture-backed companies new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Franklin Templeton new investor
- GIC backs 98 venture-backed companies new investor
- Qatar Investment Authority backs 71 venture-backed companies new investor
- Oxford Endowment Fund new investor
- Insight Partners backs 548 venture-backed companies new investor
- backs 30 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- Endeavor backs 236 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- another large west coast mutual fund manager
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
24 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $208M, and this round was 4.8 times the median. The closest in time, other companies' Series D rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Qonto Payment Processing & Point of Sale | 10 Jan 2022 | $550M | $5.00B | Tiger Global and Technology Crossover Ventures |
| Flutterwave Payment Processing & Point of Sale | 16 Feb 2022 | $250M | $3.00B | B Capital |
| Bolt Payment Processing & Point of Sale | 13 Oct 2021 | $393M | $6.00B | not named |
| Neon Payment Processing & Point of Sale | 19 May 2022 | $300M | $1.60B | BBVA |
| Xendit Payment Processing & Point of Sale | 19 May 2022 | $300M | not disclosed | Coatue and Insight Partners |
| Payment Processing & Point of Sale | 13 Sep 2021 | $250M | $4.00B | Thrive Capital and General Catalyst |
| Payment Processing & Point of Sale | 10 May 2022 | $200M | $1.40B | KKR |
| Payment Processing & Point of Sale | 17 Sep 2021 | $138M | $1.00B | D1 Capital Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Checkout.com raise in its Series D round?
Checkout.com raised $1.00B in its Series D round, announced in Jan 2022.
Which investors took part in Checkout.com's Series D round?
Tiger Global, Altimeter, Dragoneer Investment Group, Franklin Templeton, GIC and Qatar Investment Authority and 8 more.
What was Checkout.com's valuation at the Series D round?
$40.00B post-money ($39.00B pre-money).
How does it compare with other Series D rounds in Payment Processing & Point of Sale?
24 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $208M, and this round was 4.8 times the median.