Funding round
Plaid Growth
Reported as "Growth Equity"
Plaid, which works in financial data connectivity solutions in San Francisco, raised $575M in a Growth round announced on 3 Apr 2025, led by Franklin Templeton, Fidelity Management and Research and BlackRock, at a $6.10B post-money valuation. 12 firms took part, 2 of them already investors. It is Plaid's fifth venture round on record; the one before was a Series D in Apr 2021.
$575M
Amount raised
$6.10B
Post-money valuation
$5.53B pre-money
12
Investors
3 leads
0.5x
Step-up from the Series D
$13.40B in Apr 2021
9.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Plaid at $6.10B after the new money, 0.5 times the $13.40B of its Series D (Apr 2021). The $575M bought investors about 9.4% of the company. It came 48 months after Plaid's Series D. It is 44% of the $1.30B Plaid has raised in the venture rounds on record. No later venture round is on record for Plaid.
Plaid's funding rounds
Plaid has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 19 Sep 2013, led by Spark Capital $2.8M
- Series B 20 Jun 2016, led by Goldman Sachs $44M
- Series C 11 Dec 2018, led by Kleiner Perkins $250M$2.65B post-money
- Acquisition not a venture round 13 Jan 2020, led by Visa Inc. $5.30B
- Series D 7 Apr 2021, led by Altimeter, Silver Lake and Ribbit $425M$13.40B post-money
- Growth this round 3 Apr 2025, led by Franklin Templeton, Fidelity Management and Research and BlackRock $575M$6.10B post-money
Investors
Who put money in
Franklin Templeton, Fidelity Management and Research and BlackRock led the round with 9 other firms. New Enterprise Associates and Ribbit had backed Plaid before.
Lead investors
- Franklin Templeton new investor
- Fidelity Management and Research new investor
- BlackRock new investor
Also in the round
- New Enterprise Associates backs 286 venture-backed companies existing investor
- Ribbit backs 126 venture-backed companies existing investor
- Silver Lake backs 44 venture-backed companies new investor
- J.P. Morgan Private Capital Growth Equity Partners new investor
- Altimeter backs 67 venture-backed companies new investor
- Amex Ventures new investor
- Goldman Sachs backs 218 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- Fidelity new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
36 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $61M, and this round was 9.5 times the median. The closest in time, other companies' Growth rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 1 Apr 2025 | $235M | not disclosed | not named |
| Addi Payment Processing & Point of Sale | 4 Apr 2025 | $70M | not disclosed | not named |
| Payment Processing & Point of Sale | 6 May 2025 | $105M | not disclosed | General Catalyst |
| Clara Payment Processing & Point of Sale | 2 May 2025 | $80M | not disclosed | not named |
| Payment Processing & Point of Sale | 20 May 2025 | $77M | not disclosed | Tribe Capital |
| Payment Processing & Point of Sale | 5 Mar 2025 | $25M | $250M | Titanium Ventures |
| Payment Processing & Point of Sale | 6 May 2025 | undisclosed | not disclosed | Greater Sum Ventures |
| Rapyd Payment Processing & Point of Sale | 17 Feb 2025 | $500M | $4.50B | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Plaid raise in its Growth round?
Plaid raised $575M in its Growth round, announced in Apr 2025.
Who led Plaid's Growth round?
Franklin Templeton, Fidelity Management and Research and BlackRock led it, with New Enterprise Associates, Ribbit, Silver Lake, J.P. Morgan Private Capital Growth Equity Partners and Altimeter and 4 more.
What was Plaid's valuation at the Growth round?
$6.10B post-money ($5.53B pre-money).
How does it compare with other Growth rounds in Payment Processing & Point of Sale?
36 Growth rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $61M, and this round was 9.5 times the median.