Funding round
Mollie Series C
Mollie, which works in payment processing and gateway services in Amsterdam, raised $800M in a Series C round announced on 22 Jun 2021, led by Blackstone, at a $6.50B post-money valuation. 6 firms took part. It is Mollie's second venture round on record; the one before was a Series B in Sep 2020.
$800M
Amount raised
$6.50B
Post-money valuation
6
Investors
1 lead
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Mollie at $6.50B after the new money. The $800M bought investors about 12% of the company. It came 9 months after Mollie's Series B. It is 89% of the $900M Mollie has raised in the venture rounds on record. No later venture round is on record for Mollie.
Mollie's funding rounds
Mollie has 2 venture rounds on record. This one is highlighted.
- Series B 8 Sep 2020, led by Technology Crossover Ventures $100M
- Series C this round 22 Jun 2021, led by Blackstone $800M$6.50B post-money
Investors
Who put money in
Blackstone led the round with 5 other firms.
Lead investor
- Blackstone backs 83 venture-backed companies new investor
Also in the round
- EQT backs 99 venture-backed companies new investor
- General Atlantic backs 134 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Alkeon backs 51 venture-backed companies new investor
- Technology Crossover Ventures backs 86 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
45 Series C rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $75M, and this round was 11 times the median. The closest in time, other companies' Series C rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 18 May 2021 | $260M | $1.60B | SoftBank Vision Fund and SoftBank |
| Payment Processing & Point of Sale | 24 May 2021 | $250M | $1.45B | SoftBank Vision Fund |
| Payment Processing & Point of Sale | 27 Jul 2021 | $83M | not disclosed | Dragoneer Investment Group |
| Payment Processing & Point of Sale | 28 Jul 2021 | $60M | $800M | Stripes |
| Payment Processing & Point of Sale | 23 Jul 2021 | $50M | not disclosed | NewView Capital |
| Payment Processing & Point of Sale | 4 May 2021 | $22M | not disclosed | Invictus Growth Partners |
| Flutterwave Payment Processing & Point of Sale | 10 Mar 2021 | $170M | $1.00B | Avenir and Tiger Global |
| Payment Processing & Point of Sale | 27 Sep 2021 | $150M | $1.50B | Charoen Pokphand Group |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Mollie raise in its Series C round?
Mollie raised $800M in its Series C round, announced in Jun 2021.
Who led Mollie's Series C round?
Blackstone led it, with EQT, General Atlantic, HMI Capital, Alkeon and Technology Crossover Ventures.
What was Mollie's valuation at the Series C round?
$6.50B post-money.
How does it compare with other Series C rounds in Payment Processing & Point of Sale?
45 Series C rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $75M, and this round was 11 times the median.