Funding round
DailyPay Series D
DailyPay, which works in device repair services in New York, raised $175M in a Series D round announced on 18 May 2021, led by Carrick Capital Partners. 1 firm took part, 1 of them already investors. It is DailyPay's fourth venture round on record; the one before was a Series B in Feb 2018.
$175M
Amount raised
Not disclosed
Post-money valuation
1
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 39 months after DailyPay's Series B. It is 92% of the $191M DailyPay has raised in the venture rounds on record. No later venture round is on record for DailyPay.
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 16 Aug 2016, led by RPM Ventures $5.0M
- Series B 15 Feb 2018, led by Intercept Ventures $9.0M
- Series D this round 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
Carrick Capital Partners led the round. Carrick Capital Partners had backed DailyPay before.
Lead investor
- backs 14 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Series D rounds in Financial Services within a year either side disclosed an amount; the median was $350M, and this round was 50% of the median. The closest in time, other companies' Series D rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DriveWealth Financial Services | 20 Aug 2021 | $450M | $2.85B | Insight Partners and Accel |
| Ualá Financial Services | 13 Aug 2021 | $350M | $2.45B | SoftBank Latin America Fund and Tencent |
| Citadel Securities Financial Services | 11 Jan 2022 | $1.15B | $22.00B | Sequoia Capital |
| Petal Financial Services | 5 Jan 2022 | $140M | $800M | Tarsadia |
| Financial Services | 1 Feb 2022 | $165M | not disclosed | Eldridge |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did DailyPay raise in its Series D round?
DailyPay raised $175M in its Series D round, announced in May 2021.
Who led DailyPay's Series D round?
Carrick Capital Partners led it.
What was DailyPay's valuation at the Series D round?
It was not disclosed; its last disclosed one was $7.5M at the Seed (Oct 2015).
How does it compare with other Series D rounds in Financial Services?
5 Series D rounds in Financial Services within a year either side disclosed an amount; the median was $350M, and this round was 50% of the median.