Funding round
Satispay Series C
Satispay, which works in digital payment solutions services in Luxembourg, raised $110M in a Series C round announced on 20 Nov 2020, led by Square, Tencent, LGT Lightstone and TIM Ventures. 4 firms took part, 1 of them already investors. It is Satispay's third venture round on record; the one before was a Series B in Jul 2018.
$110M
Amount raised
93,000,000 EUR converted
Not disclosed
Post-money valuation
4
Investors
4 leads
Valuation
What this round says about the price
Satispay did not disclose a valuation in this round; its last disclosed one was $117M at the Series B (Jul 2018). It came 28 months after Satispay's Series B. It is 25% of the $436M Satispay has raised in the venture rounds on record. Satispay raised again 22 months later: a Series D round of $307M in Sep 2022, at $960M post-money.
Satispay's funding rounds
Satispay has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Square, Tencent, LGT Lightstone and TIM Ventures led the round. Square had backed Satispay before.
Lead investors
- Square existing investor
- Tencent new investor
- LGT Lightstone new investor
- TIM Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
31 Series C rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $75M, and this round was 1.5 times the median. The closest in time, other companies' Series C rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 17 Nov 2020 | $68M | not disclosed | FTV Management Company |
| Payment Processing & Point of Sale | 13 Nov 2020 | $5.0M | not disclosed | Montreux Growth Partners |
| Payment Processing & Point of Sale | 18 Dec 2020 | $60M | not disclosed | not named |
| Checkout.com Payment Processing & Point of Sale | 1 Jan 2021 | $450M | not disclosed | not named |
| Neon Payment Processing & Point of Sale | 2 Sep 2020 | $300M | not disclosed | General Atlantic |
| Greenlight Payment Processing & Point of Sale | 1 Sep 2020 | $215M | $1.20B | Canapi Ventures and TTV Capital |
| CRED Payment Processing & Point of Sale | 4 Jan 2021 | $81M | $806M | DST Global |
| SpotOn Payment Processing & Point of Sale | 23 Sep 2020 | $60M | not disclosed | DST Global |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Satispay raise in its Series C round?
Satispay raised $110M in its Series C round, announced in Nov 2020.
Who led Satispay's Series C round?
Square, Tencent, LGT Lightstone and TIM Ventures led it.
What was Satispay's valuation at the Series C round?
It was not disclosed; its last disclosed one was $117M at the Series B (Jul 2018).
How does it compare with other Series C rounds in Payment Processing & Point of Sale?
31 Series C rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $75M, and this round was 1.5 times the median.
Did Satispay raise again after this round?
Yes: a Series D round in Sep 2022 of $307M at $960M post-money.