Funding round
Rappi Growth
Reported as "Growth Equity"
Rappi, which works in virtual shopping platform development in Bogota, raised $200M in a Growth round announced on 31 Aug 2018, led by DST Global, at a $1.00B post-money valuation. 10 firms took part, 3 of them already investors. It is Rappi's second venture round on record; the one before was a Series C in Jan 2018.
$200M
Amount raised
$1.00B
Post-money valuation
$800M pre-money
10
Investors
1 lead
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rappi at $1.00B after the new money. The $200M bought investors about 20% of the company. It came 7 months after Rappi's Series C. It is 24% of the $830M Rappi has raised in the venture rounds on record. Rappi raised again 35 months later: a Series F round of $500M in Jul 2021, at $5.25B post-money.
Investors
Who put money in
DST Global led the round with 9 other firms. DST Global, Andreessen Horowitz and Sequoia Capital had backed Rappi before.
Lead investor
- DST Global backs 179 venture-backed companies existing investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- backs 12 venture-backed companies new investor
- Monashees backs 73 venture-backed companies new investor
- backs 21 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
- backs 107 venture-backed companies new investor
- Foundation Capital backs 144 venture-backed companies new investor
- Endeavor backs 236 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Groceries Delivery, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| GrubMarket Groceries Delivery | 10 Jul 2018 | $32M | not disclosed | GGV |
| Food delivery | 23 Aug 2018 | $3.00B | not disclosed | Alibaba and SoftBank |
| Flywheel Energy Oil & Gas - Extraction & Distribution | 1 Aug 2018 | $700M | not disclosed | not named |
| Scout Energy Partners Oil & Gas - Extraction & Distribution | 16 Aug 2018 | $500M | not disclosed | not named |
| Financial Services | 10 Aug 2018 | $270M | $1.50B | GSR Capital |
| Utility companies | 1 Aug 2018 | $130M | not disclosed | Vision Ridge Partners and Zoma Capital |
| Tech Companies | 29 Aug 2018 | $102M | $1.90B | Andreessen Horowitz and Polychain |
| Tech Companies | 7 Aug 2018 | $100M | $1.30B | Crestline Investors |
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 Rappi raise in its Growth round?
Rappi raised $200M in its Growth round, announced in Aug 2018.
Who led Rappi's Growth round?
DST Global led it, with Andreessen Horowitz, Sequoia Capital, Delivery Hero Ventures, Monashees and Redpoint eventures and 4 more.
What was Rappi's valuation at the Growth round?
$1.00B post-money ($800M pre-money).
Did Rappi raise again after this round?
Yes: a Series F round in Jul 2021 of $500M at $5.25B post-money.