Funding round
SumUp Series A
SumUp, which works in card payment processing services in Wilmington, raised $20M in a Series A round announced on 23 Aug 2012. 4 firms took part. It is SumUp's first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
SumUp did not disclose a valuation in this round. It is SumUp's first venture round on record, in the year it was founded (2012). It is 2.1% of the $951M SumUp has raised in the venture rounds on record. SumUp raised again 118 months later: a Growth round of $624M in Jun 2022, at $8.50B post-money.
SumUp's funding rounds
SumUp has 3 venture rounds on record and 3 other deals. This one is highlighted.
- Series A this round 23 Aug 2012 $20M
- Debt not a venture round 1 Mar 2021 $894M
- Growth 23 Jun 2022, led by Bain Capital Tech Opportunities $624M$8.50B post-money
- Debt not a venture round 9 Aug 2023, led by Victory Park Capital $100M
- Growth 22 May 2024, led by Sixth Street $307M
- Debt not a venture round 29 May 2024, led by Goldman Sachs Asset Management $1.63B
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- backs 86 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Lakestar backs 95 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion.
- Geographic expansion
Comparable rounds
How it compares
7 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $6.0M, and this round was 3.3 times the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 16 Jul 2012 | $4.8M | not disclosed | AME Cloud Ventures |
| Payment Processing & Point of Sale | 21 Jun 2012 | $9.0M | not disclosed | not named |
| Payment Processing & Point of Sale | 1 May 2012 | $14M | not disclosed | not named |
| Payment Processing & Point of Sale | 14 Mar 2012 | $4.0M | not disclosed | Atlas Venture |
| Payment Processing & Point of Sale | 28 Feb 2013 | $6.0M | not disclosed | Atlas Venture and Flybridge |
| Payment Processing & Point of Sale | 1 Nov 2011 | $1.0M | not disclosed | not named |
| Payment Processing & Point of Sale | 18 Oct 2011 | $11M | not disclosed | Index Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did SumUp raise in its Series A round?
SumUp raised $20M in its Series A round, announced in Aug 2012.
Which investors took part in SumUp's Series A round?
b2venture, Shortcut, Tengelmann Ventures and Lakestar.
What was SumUp's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
7 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $6.0M, and this round was 3.3 times the median.
Did SumUp raise again after this round?
Yes: a Growth round in Jun 2022 of $624M at $8.50B post-money.