Funding round
PayFit Series D
PayFit, which works in payroll management software development in Paris, raised $107M in a Series D round announced on 17 Mar 2021, led by Eurazeo and Bpifrance. 5 firms took part. It is PayFit's third venture round on record; the one before was a Series B in Jul 2017.
$107M
Amount raised
90,000,000 EUR converted
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
PayFit did not disclose a valuation in this round. It came 44 months after PayFit's Series B. It is 26% of the $410M PayFit has raised in the venture rounds on record. PayFit raised again 10 months later: a Series E round of $287M in Jan 2022, at $2.10B post-money.
PayFit's funding rounds
PayFit has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Eurazeo and Bpifrance led the round with 3 other firms.
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
221 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 9 Mar 2021 | $200M | $3.20B | Tiger Global |
| Tech Companies | 24 Mar 2021 | $200M | $1.00B | KKR |
| Tech Companies | 22 Mar 2021 | $150M | $1.00B | Coatue |
| Uniphore Tech Companies | 31 Mar 2021 | $140M | not disclosed | Sorenson Capital Partners |
| Tech Companies | 1 Mar 2021 | $130M | $760M | Canapi Ventures |
| Tech Companies | 30 Mar 2021 | $125M | $2.10B | D1 Capital Partners |
| Job&Talent Tech Companies | 10 Mar 2021 | $119M | not disclosed | not named |
| Tech Companies | 1 Mar 2021 | $100M | $1.20B | Stripes |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did PayFit raise in its Series D round?
PayFit raised $107M in its Series D round, announced in Mar 2021.
Who led PayFit's Series D round?
Eurazeo and Bpifrance led it, with Accel, Frst and Xavier Niel.
What was PayFit's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
221 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median.
Did PayFit raise again after this round?
Yes: a Series E round in Jan 2022 of $287M at $2.10B post-money.