Funding round
Rappi Series F
Rappi, which works in virtual shopping platform development in Bogota, raised $500M in a Series F round announced on 1 Jul 2021, led by T. Rowe Price, at a $5.25B post-money valuation. 6 firms took part. It is Rappi's third venture round on record; the one before was a Growth in Aug 2018.
$500M
Amount raised
$5.25B
Post-money valuation
$4.75B pre-money
6
Investors
1 lead
5.3x
Step-up from the Growth
$1.00B in Aug 2018
9.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rappi at $5.25B after the new money, 5.3 times the $1.00B of its Growth (Aug 2018). The $500M bought investors about 9.5% of the company. It came 35 months after Rappi's Growth. It is 60% of the $830M Rappi has raised in the venture rounds on record. No later venture round is on record for Rappi.
Investors
Who put money in
T. Rowe Price led the round with 5 other firms.
Lead investor
- T. Rowe Price new investor
Also in the round
- Baillie Gifford new investor
- backs 7 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- SoftBank new investor
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Kurly Groceries | 9 Jul 2021 | $200M | $2.20B | Aspex Management and DST Global |
| Meat, Fish & Seafood Stores | 2 Jul 2021 | $192M | $650M | Temasek and Multiples |
| Tech Companies | 28 Jul 2021 | $175M | $3.00B | Tiger Global |
| Arctic Wolf Tech Companies | 13 Jul 2021 | $150M | $4.30B | Viking Global and Blue Owl Capital |
| Tech Companies | 27 Jul 2021 | $150M | $2.60B | B Capital |
| ShareChat Tech Companies | 27 Jul 2021 | $145M | $2.88B | Temasek and Moore Strategic Ventures |
| Tech Companies | 29 Jul 2021 | $100M | $1.50B | TDM Growth Partners and HSG |
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Rappi raise in its Series F round?
Rappi raised $500M in its Series F round, announced in Jul 2021.
Who led Rappi's Series F round?
T. Rowe Price led it, with Baillie Gifford, Third Point, Octahedron Capital, GIC and SoftBank.
What was Rappi's valuation at the Series F round?
$5.25B post-money ($4.75B pre-money).