Funding round
Satispay Series D
Satispay, which works in digital payment solutions services in Luxembourg, raised $307M in a Series D round announced on 28 Sep 2022, led by Addition, at a $960M post-money valuation. 10 firms took part, 7 of them already investors. It is Satispay's fourth venture round on record; the one before was a Series C in Nov 2020.
$307M
Amount raised
320,000,000 EUR converted
$960M
Post-money valuation
10
Investors
1 lead
8.2x
Step-up from the Series B
$117M in Jul 2018
32%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Satispay at $960M after the new money, 8.2 times the $117M of its Series B (Jul 2018). The $307M bought investors about 32% of the company. It came 22 months after Satispay's Series C. It is 71% of the $436M Satispay has raised in the venture rounds on record. No later venture round is on record for Satispay.
Satispay's funding rounds
Satispay has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Addition led the round with 9 other firms. Addition, Greyhound Capital, Coatue and Lightrock and 3 more had backed Satispay before.
Lead investor
- Addition existing investor
Also in the round
- Greyhound Capital existing investor
- Coatue backs 229 venture-backed companies existing investor
- Lightrock backs 62 venture-backed companies existing investor
- Block Inc. existing investor
- Tencent existing investor
- Mediolanum Gestione Fondi SGR existing investor
- backs 15 venture-backed companies new investor
- U-Start new investor
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
12 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $250M, and this round was 1.2 times the median. The closest in time, other companies' Series D rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 16 Jun 2022 | $2.0M | not disclosed | not named |
| Neon Payment Processing & Point of Sale | 19 May 2022 | $300M | $1.60B | BBVA |
| Xendit Payment Processing & Point of Sale | 19 May 2022 | $300M | not disclosed | Coatue and Insight Partners |
| Payment Processing & Point of Sale | 10 May 2022 | $200M | $1.40B | KKR |
| Payment Processing & Point of Sale | 15 Mar 2023 | $47M | not disclosed | Silva Fortune |
| Flutterwave Payment Processing & Point of Sale | 16 Feb 2022 | $250M | $3.00B | B Capital |
| Checkout.com Payment Processing & Point of Sale | 12 Jan 2022 | $1.00B | $40.00B | not named |
| Qonto Payment Processing & Point of Sale | 10 Jan 2022 | $550M | $5.00B | Tiger Global and Technology Crossover Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Satispay raise in its Series D round?
Satispay raised $307M in its Series D round, announced in Sep 2022.
Who led Satispay's Series D round?
Addition led it, with Greyhound Capital, Coatue, Lightrock, Block Inc. and Tencent and 4 more.
What was Satispay's valuation at the Series D round?
$960M post-money.
How does it compare with other Series D rounds in Payment Processing & Point of Sale?
12 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $250M, and this round was 1.2 times the median.