Funding round
Flutterwave Series A
Flutterwave, which works in global payment processing services in San Francisco, raised $9.2M in a Series A round announced on 16 Oct 2018. 7 firms took part. It is Flutterwave's second venture round on record; the one before was a Seed in Aug 2016.
$9.2M
Amount raised
Not disclosed
Post-money valuation
7
Investors
no lead named
Valuation
What this round says about the price
Flutterwave did not disclose a valuation in this round. It came 26 months after Flutterwave's Seed. It is 2.0% of the $464M Flutterwave has raised in the venture rounds on record. Flutterwave raised again 15 months later: a Series B round of $35M in Jan 2020. 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 15 Aug 2016 $230K
- Series A this round 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
7 firms took part; no lead investor was named.
Investors
- Mastercard new investor
- backs 37 venture-backed companies new investor
- Raba Partnership new investor
- backs 47 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 20 venture-backed companies new investor
Comparable rounds
How it compares
40 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $10M, and this round was close to the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 23 Oct 2018 | $10M | not disclosed | China Merchants Group |
| Payment Processing & Point of Sale | 27 Nov 2018 | $13M | not disclosed | not named |
| Payment Processing & Point of Sale | 11 Sep 2018 | $12M | not disclosed | Intrinsic Capital Partners |
| Charlie Payment Processing & Point of Sale | 26 Nov 2018 | $9.0M | not disclosed | Propel Venture Partners |
| Payment Processing & Point of Sale | 1 Nov 2018 | $7.4M | not disclosed | Stripes |
| Payment Processing & Point of Sale | 31 Dec 2018 | $11M | not disclosed | Sequoia Capital |
| Payment Processing & Point of Sale | 28 Aug 2018 | $8.5M | not disclosed | Andreessen Horowitz |
| Payment Processing & Point of Sale | 29 Aug 2018 | $7.0M | not disclosed | BlueYard |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Flutterwave raise in its Series A round?
Flutterwave raised $9.2M in its Series A round, announced in Oct 2018.
Which investors took part in Flutterwave's Series A round?
Mastercard, 4DX Ventures, Raba Partnership, FinTech Collective, CRE Venture Capital and The Catalyst Fund and 1 more.
What was Flutterwave'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?
40 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $10M, and this round was close to the median.
Did Flutterwave raise again after this round?
Yes: a Series B round in Jan 2020 of $35M.