Funding round
Wayflyer Growth
Reported as "Growth Equity"
Wayflyer, which works in business financing solutions in Dublin, raised $1.00B in a Growth round announced on 5 Sep 2023, led by Neuberger Berman. 1 firm took part. It is Wayflyer's fourth venture round on record; the one before was a Series B in Feb 2022.
$1.00B
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Wayflyer did not disclose a valuation in this round; its last disclosed one was $1.60B at the Series B (Feb 2022). It came 19 months after Wayflyer's Series B. It is 81% of the $1.24B Wayflyer has raised in the venture rounds on record. No later venture round is on record for Wayflyer.
Wayflyer's funding rounds
Wayflyer has 4 venture rounds on record and 6 other deals. This one is highlighted.
- Seed 19 Oct 2020, led by QED Investors $10M
- Debt not a venture round 27 May 2021 $100M
- Series A 27 May 2021, led by Left Lane Capital $76M
- Series B 1 Feb 2022, led by DST Global and QED Investors $150M$1.60B post-money
- Debt not a venture round 12 May 2022, led by J.P. Morgan $300M
- Debt not a venture round 1 Sep 2022 $253M
- Growth this round 5 Sep 2023, led by Neuberger Berman $1.00B
- Debt not a venture round 18 Feb 2026 $250M
- Debt not a venture round 30 Jul 2026 $1.50B
- Debt not a venture round 14 Sep 2026 $50M
Investors
Who put money in
Neuberger Berman led the round.
Lead investor
- Neuberger Berman 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
32 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $61M, and this round was 16 times the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 30 Sep 2023 | $300M | not disclosed | not named |
| Loans & Financing | 28 Sep 2023 | $52M | not disclosed | Silverstripe |
| Loans & Financing | 25 Sep 2023 | $49M | not disclosed | Kinea and Revolution |
| Loans & Financing | 27 Sep 2023 | $30M | not disclosed | Union Square Ventures |
| Loans & Financing | 5 Oct 2023 | undisclosed | not disclosed | Intudo |
| Loans & Financing | 9 Jul 2023 | $146M | not disclosed | Multiples |
| Loans & Financing | 17 Nov 2023 | $60M | not disclosed | not named |
| Loans & Financing | 25 Jul 2023 | $57M | not disclosed | Tata Capital Growth Fund II and Trifecta Capital |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Wayflyer raise in its Growth round?
Wayflyer raised $1.00B in its Growth round, announced in Sep 2023.
Who led Wayflyer's Growth round?
Neuberger Berman led it.
What was Wayflyer's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.60B at the Series B (Feb 2022).
How does it compare with other Growth rounds in Loans & Financing?
32 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $61M, and this round was 16 times the median.