Funding round
Rappi Series C
Rappi, which works in virtual shopping platform development in Bogota, raised $130M in a Series C round announced on 24 Jan 2018, led by Delivery Hero Ventures. 8 firms took part. It is Rappi's first venture round on record.
$130M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Rappi did not disclose a valuation in this round. It is Rappi's first venture round on record, 11 years after it was founded in 2007. It is 16% of the $830M Rappi has raised in the venture rounds on record. Rappi raised again 7 months later: a Growth round of $200M in Aug 2018, at $1.00B post-money.
Investors
Who put money in
Delivery Hero Ventures led the round with 7 other firms.
Lead investor
- backs 12 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Endeavor backs 236 venture-backed companies new investor
- FJ Labs backs 316 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- backs 28 venture-backed companies new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- Sequoia Capital Operations LLC new investor
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Groceries Delivery:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries Delivery | 29 Nov 2017 | $10M | not disclosed | Acton Capital |
| Groceries Delivery | 11 May 2017 | $9.2M | not disclosed | Unilever Ventures |
| Groceries Delivery | 1 Jan 2017 | $100M | not disclosed | Lenovo Capital |
Questions
Frequently asked
How much did Rappi raise in its Series C round?
Rappi raised $130M in its Series C round, announced in Jan 2018.
Who led Rappi's Series C round?
Delivery Hero Ventures led it, with Andreessen Horowitz, Endeavor, FJ Labs, Floodgate and ONEVC and 2 more.
What was Rappi's valuation at the Series C round?
It was not disclosed.
Did Rappi raise again after this round?
Yes: a Growth round in Aug 2018 of $200M at $1.00B post-money.