Funding round
Rapyd Series E
Rapyd, which works in fintech payment infrastructure services in Tel Aviv, raised $300M in a Series E round announced on 3 Aug 2021, led by Target Global, at a $8.75B post-money valuation. 13 firms took part, 6 of them already investors. It is Rapyd's fourth venture round on record; the one before was a Series D in Jan 2021.
$300M
Amount raised
$8.75B
Post-money valuation
$8.45B pre-money
13
Investors
1 lead
3.5x
Step-up from the Series D
$2.50B in Jan 2021
3.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Rapyd at $8.75B after the new money, 3.5 times the $2.50B of its Series D (Jan 2021). The $300M bought investors about 3.4% of the company. It came 7 months after Rapyd's Series D. It is 24% of the $1.24B Rapyd has raised in the venture rounds on record. Rapyd raised again 42 months later: a Growth round of $500M in Feb 2025, at $4.50B post-money.
Rapyd's funding rounds
Rapyd has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Target Global led the round with 12 other firms. General Catalyst, Phoenix Court, Durable Capital Partners and Tal Capital and 2 more had backed Rapyd before.
Lead investor
- Target Global new investor
Also in the round
- Fidelity Management and Research Company new investor
- Altimeter backs 67 venture-backed companies new investor
- Whale Rock Capital new investor
- BlackRock Funds new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies existing investor
- Phoenix Court backs 45 venture-backed companies existing investor
- Durable Capital Partners backs 39 venture-backed companies existing investor
- Tal Capital existing investor
- backs 18 venture-backed companies existing investor
- Spark Capital backs 234 venture-backed companies existing investor
- Fidelity Ventures
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
7 Series E rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $251M, and this round was 1.2 times the median. The closest in time, other companies' Series E rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| BharatPe Payment Processing & Point of Sale | 4 Aug 2021 | $370M | $2.85B | Tiger Global |
| SpotOn Payment Processing & Point of Sale | 13 Sep 2021 | $300M | $3.15B | Andreessen Horowitz |
| CRED Payment Processing & Point of Sale | 18 Oct 2021 | $251M | $4.01B | Tiger Global and Alpha Wave Global |
| Payment Processing & Point of Sale | 21 Dec 2021 | $200M | $2.00B | Mizuho |
| Razorpay Payment Processing & Point of Sale | 19 Apr 2021 | $160M | $3.00B | Sequoia Capital and GIC |
| Bolt Payment Processing & Point of Sale | 14 Jan 2022 | $355M | $11.00B | BlackRock |
| Tipalti Payment Processing & Point of Sale | 6 Oct 2020 | $150M | $2.00B | Durable Capital Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Rapyd raise in its Series E round?
Rapyd raised $300M in its Series E round, announced in Aug 2021.
Who led Rapyd's Series E round?
Target Global led it, with Fidelity Management and Research Company, Altimeter, Whale Rock Capital, BlackRock Funds and Dragoneer Investment Group and 7 more.
What was Rapyd's valuation at the Series E round?
$8.75B post-money ($8.45B pre-money).
How does it compare with other Series E rounds in Payment Processing & Point of Sale?
7 Series E rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $251M, and this round was 1.2 times the median.
Did Rapyd raise again after this round?
Yes: a Growth round in Feb 2025 of $500M at $4.50B post-money.