Funding round
Trendyol Growth
Reported as "Growth Equity"
Trendyol, which works in clothing and footwear retail in Istanbul, raised $1.50B in a Growth round announced on 9 Aug 2021, led by ADQ (UAE), at a $16.50B post-money valuation. 6 firms took part.
$1.50B
Amount raised
$16.50B
Post-money valuation
$15.00B pre-money
6
Investors
1 lead
9.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Trendyol at $16.50B after the new money. The $1.50B bought investors about 9.1% of the company. It is Trendyol's first venture round on record, 11 years after it was founded in 2010. No later venture round is on record for Trendyol.
Trendyol's funding rounds
This is the only venture round on record for Trendyol.
- Growth this round 9 Aug 2021, led by ADQ (UAE) $1.50B$16.50B post-money
Investors
Who put money in
ADQ (UAE) led the round with 5 other firms.
Lead investor
- ADQ (UAE)
Also in the round
- General Atlantic backs 134 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Princeville Capital new investor
- Abu Dhabi Development Holding Company (ADQ) new investor
- Qatar Investment Authority backs 71 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
10 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $112M, and this round was 13 times the median. The closest in time, other companies' Growth rounds in Clothing Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Vestiaire Collective Clothing Stores | 22 Sep 2021 | $178M | $1.70B | SoftBank Vision Fund and Generation Investment Management |
| Clothing Stores | 14 Jul 2021 | $30M | $250M | Khosla Ventures and Atomic |
| Clothing Stores | 12 May 2021 | $85M | $700M | not named |
| Clothing Stores | 26 Nov 2021 | $11M | not disclosed | not named |
| Vestiaire Collective Clothing Stores | 1 Mar 2021 | $216M | not disclosed | Kering and Tiger Global |
| Clothing Stores | 21 Feb 2022 | undisclosed | not disclosed | not named |
| MUSINSA Clothing Stores | 16 Mar 2022 | $115M | $2.20B | not named |
| Clothing Stores | 22 Mar 2022 | $73M | not disclosed | Highland Europe |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Trendyol raise in its Growth round?
Trendyol raised $1.50B in its Growth round, announced in Aug 2021.
Who led Trendyol's Growth round?
ADQ (UAE) led it, with General Atlantic, SoftBank Vision Fund, Princeville Capital, Abu Dhabi Development Holding Company (ADQ) and Qatar Investment Authority.
What was Trendyol's valuation at the Growth round?
$16.50B post-money ($15.00B pre-money).
How does it compare with other Growth rounds in Clothing Stores?
10 Growth rounds in Clothing Stores within a year either side disclosed an amount; the median was $112M, and this round was 13 times the median.