Funding round
Wayflyer Seed
Wayflyer, which works in business financing solutions in Dublin, raised $10M in a Seed round announced on 19 Oct 2020, led by QED Investors. 4 firms took part. It is Wayflyer's first venture round on record.
$10M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Wayflyer did not disclose a valuation in this round. It is Wayflyer's first venture round on record, 1 year after it was founded in 2019. It is under 1% of the $1.24B Wayflyer has raised in the venture rounds on record. Wayflyer raised again 7 months later: a Series A round of $76M in May 2021. Its next priced round, a Series B in Feb 2022, valued it at $1.60B.
Wayflyer's funding rounds
Wayflyer has 4 venture rounds on record and 6 other deals. This one is highlighted.
- Seed this round 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 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
QED Investors led the round with 3 other firms.
Lead investor
- QED Investors backs 160 venture-backed companies new investor
Also in the round
- backs 17 venture-backed companies new investor
- Speedinvest backs 186 venture-backed companies new investor
- FinTech Investment Vehicle FGFE new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
58 Seed rounds in Loans & Financing within a year either side disclosed an amount; the median was $2.6M, and this round was 3.8 times the median. The closest in time, other companies' Seed rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 27 Oct 2020 | $5.0M | not disclosed | Chiratae Ventures |
| Xepelin Loans & Financing | 1 Oct 2020 | $2.5M | not disclosed | Ideas Impact VC |
| Loans & Financing | 8 Oct 2020 | $2.3M | not disclosed | Acumen |
| Loans & Financing | 26 Oct 2020 | $1.3M | not disclosed | not named |
| Loans & Financing | 25 Nov 2020 | $5.0M | not disclosed | Monashees and ONEVC |
| Capchase Loans & Financing | 1 Sep 2020 | $4.6M | not disclosed | Bling Capital and SciFi VC |
| Loans & Financing | 25 Nov 2020 | $2.0M | not disclosed | ONEVC |
| Loans & Financing | 8 Dec 2020 | $49M | not disclosed | Fuel Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Wayflyer raise in its Seed round?
Wayflyer raised $10M in its Seed round, announced in Oct 2020.
Who led Wayflyer's Seed round?
QED Investors led it, with MiddleGame Ventures, Speedinvest and FinTech Investment Vehicle FGFE.
What was Wayflyer's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Loans & Financing?
58 Seed rounds in Loans & Financing within a year either side disclosed an amount; the median was $2.6M, and this round was 3.8 times the median.
Did Wayflyer raise again after this round?
Yes: a Series A round in May 2021 of $76M.