Funding round
DailyPay Series A
DailyPay, which works in device repair services in New York, raised $5.0M in a Series A round announced on 16 Aug 2016, led by RPM Ventures. 7 firms took part. It is DailyPay's second venture round on record; the one before was a Seed in Oct 2015.
$5.0M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
DailyPay did not disclose a valuation in this round; its last disclosed one was $7.5M at the Seed (Oct 2015). It came 10 months after DailyPay's Seed. It is 2.6% of the $191M DailyPay has raised in the venture rounds on record. DailyPay raised again 18 months later: a Series B round of $9.0M in Feb 2018.
DailyPay's funding rounds
DailyPay has 4 venture rounds on record and 8 other deals. This one is highlighted.
- Seed 31 Oct 2015 $1.5M$7.5M post-money
- Series A this round 16 Aug 2016, led by RPM Ventures $5.0M
- Series B 15 Feb 2018, led by Intercept Ventures $9.0M
- Series D 18 May 2021, led by Carrick Capital Partners $175M
- Debt not a venture round 20 May 2021 $325M
- Debt not a venture round 24 Jan 2023 $260M
- Debt not a venture round 18 Jan 2024 $100M
- Debt not a venture round 25 Oct 2024 $100M
- Debt not a venture round 30 Jun 2025 $200M
- Debt not a venture round 30 Dec 2025, led by JPMorgan Chase Bank, N.A. $195M
- Debt not a venture round 19 Feb 2026 $960M
- Debt not a venture round 8 Oct 2026 $200M
Investors
Who put money in
RPM Ventures led the round with 6 other firms.
Lead investor
- backs 10 venture-backed companies new investor
Also in the round
- backs 9 venture-backed companies new investor
- Draper Frontier new investor
- Agilic Capital new investor
- backs 8 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- Larnabel Ventures new investor
Comparable rounds
How it compares
The closest in time: 2 in Financial Services, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Financial Services | 12 Feb 2016 | $4.0M | not disclosed | Kalaari Capital |
| Financial Services | 1 Jul 2017 | $25M | not disclosed | not named |
| Home Health Care | 9 Aug 2016 | $40M | not disclosed | not named |
| Tech Companies | 11 Aug 2016 | $22M | not disclosed | Insight Partners |
| Innovaccer Tech Companies | 10 Aug 2016 | $16M | not disclosed | Westbridge Capital Partners |
| Insurance - Agents, Carriers & Brokers | 3 Aug 2016 | $15M | not disclosed | not named |
| Tech Companies | 2 Aug 2016 | $13M | not disclosed | Sandaire |
| Travel Agencies | 3 Aug 2016 | $12M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did DailyPay raise in its Series A round?
DailyPay raised $5.0M in its Series A round, announced in Aug 2016.
Who led DailyPay's Series A round?
RPM Ventures led it, with Inspiration VC, Draper Frontier, Agilic Capital, First Ascent Ventures and Evolution VC Partners and 1 more.
What was DailyPay's valuation at the Series A round?
It was not disclosed; its last disclosed one was $7.5M at the Seed (Oct 2015).
Did DailyPay raise again after this round?
Yes: a Series B round in Feb 2018 of $9.0M.