Funding round
Mollie Series B
Mollie, which works in payment processing and gateway services in Amsterdam, raised $100M in a Series B round announced on 8 Sep 2020, led by Technology Crossover Ventures. 1 firm took part. It is Mollie's first venture round on record.
$100M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Mollie did not disclose a valuation in this round. It is Mollie's first venture round on record, 16 years after it was founded in 2004. It is 11% of the $900M Mollie has raised in the venture rounds on record. Mollie raised again 9 months later: a Series C round of $800M in Jun 2021, at $6.50B post-money.
Mollie's funding rounds
Mollie has 2 venture rounds on record. This one is highlighted.
- Series B this round 8 Sep 2020, led by Technology Crossover Ventures $100M
- Series C 22 Jun 2021, led by Blackstone $800M$6.50B post-money
Investors
Who put money in
Technology Crossover Ventures led the round.
Lead investor
- Technology Crossover Ventures backs 86 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
56 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $35M, and this round was 2.8 times the median. The closest in time, other companies' Series B rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 8 Sep 2020 | $60M | not disclosed | Helios Investment Partners |
| Payment Processing & Point of Sale | 17 Sep 2020 | $13M | not disclosed | Intrinsic Capital Partners |
| Payment Processing & Point of Sale | 15 Oct 2020 | $40M | not disclosed | Meritech Capital |
| Payment Processing & Point of Sale | 5 Aug 2020 | $5.0M | not disclosed | BRI Ventures |
| Payment Processing & Point of Sale | 10 Nov 2020 | $100M | not disclosed | Grab |
| Payment Processing & Point of Sale | 6 Jul 2020 | $53M | not disclosed | B Capital and Insignia Ventures Partners |
| Payment Processing & Point of Sale | 24 Nov 2020 | $35M | not disclosed | Apis Partners |
| Payment Processing & Point of Sale | 28 Jul 2020 | $20M | not disclosed | WI Harper Group |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Mollie raise in its Series B round?
Mollie raised $100M in its Series B round, announced in Sep 2020.
Who led Mollie's Series B round?
Technology Crossover Ventures led it.
What was Mollie's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Payment Processing & Point of Sale?
56 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $35M, and this round was 2.8 times the median.
Did Mollie raise again after this round?
Yes: a Series C round in Jun 2021 of $800M at $6.50B post-money.