Funding round
Flutterwave Seed
Flutterwave, which works in global payment processing services in San Francisco, raised $230K in a Seed round announced on 15 Aug 2016. 14 firms took part. It is Flutterwave's first venture round on record.
$230K
Amount raised
Not disclosed
Post-money valuation
14
Investors
no lead named
Valuation
What this round says about the price
Flutterwave did not disclose a valuation in this round. It is Flutterwave's first venture round on record, in the year it was founded (2016). It is under 1% of the $464M Flutterwave has raised in the venture rounds on record. Flutterwave raised again 26 months later: a Series A round of $9.2M in Oct 2018. Its next priced round, a Series C in Mar 2021, valued it at $1.00B.
Flutterwave's funding rounds
Flutterwave has 6 venture rounds on record. This one is highlighted.
- Seed this round 15 Aug 2016 $230K
- Series A 16 Oct 2018 $9.2M
- Series B 21 Jan 2020, led by Greycroft and eVentures $35M
- Series C 10 Mar 2021, led by Avenir and Tiger Global $170M$1.00B post-money
- Series D 16 Feb 2022, led by B Capital $250M$3.00B post-money
- Series E 16 Jun 2026 amount not disclosed$3.20B post-money
Investors
Who put money in
14 firms took part; no lead investor was named.
Investors
- Y Combinator backs 1,295 venture-backed companies new investor
- backs 67 venture-backed companies new investor
- Golden Palm Investments new investor
- Raba Partnership new investor
- Soma Capital backs 206 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- AAF Management Ltd. new investor
- backs 24 venture-backed companies new investor
- DCVC backs 171 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- backs 38 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- Social Capital backs 94 venture-backed companies new investor
- backs 16 venture-backed companies new investor
Comparable rounds
How it compares
15 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $2.2M, and this round was 10% of the median. The closest in time, other companies' Seed rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Wave Payment Processing & Point of Sale | 5 Aug 2016 | $2.5M | not disclosed | not named |
| Payment Processing & Point of Sale | 8 Aug 2016 | $1.0M | not disclosed | James R. Heistand |
| Payment Processing & Point of Sale | 19 Sep 2016 | $2.6M | not disclosed | not named |
| Payment Processing & Point of Sale | 21 Jun 2016 | $7.9M | not disclosed | not named |
| Payment Processing & Point of Sale | 1 Oct 2016 | $2.3M | not disclosed | not named |
| Payment Processing & Point of Sale | 25 Dec 2016 | $3.7M | not disclosed | Speedinvest |
| Payment Processing & Point of Sale | 19 Dec 2016 | $1.3M | not disclosed | not named |
| Qonto Payment Processing & Point of Sale | 20 Jan 2017 | $1.7M | not disclosed | Alven |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Flutterwave raise in its Seed round?
Flutterwave raised $230K in its Seed round, announced in Aug 2016.
Which investors took part in Flutterwave's Seed round?
Y Combinator, Flourish Ventures, Golden Palm Investments, Raba Partnership, Soma Capital and Green Visor Capital and 8 more.
What was Flutterwave's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Payment Processing & Point of Sale?
15 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $2.2M, and this round was 10% of the median.
Did Flutterwave raise again after this round?
Yes: a Series A round in Oct 2018 of $9.2M.