Funding round
Wayflyer Series A
Wayflyer, which works in business financing solutions in Dublin, raised $76M in a Series A round announced on 27 May 2021, led by Left Lane Capital. 5 firms took part. It is Wayflyer's second venture round on record; the one before was a Seed in Oct 2020.
$76M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Wayflyer did not disclose a valuation in this round. It came 7 months after Wayflyer's Seed. It is 6.1% of the $1.24B Wayflyer has raised in the venture rounds on record. Wayflyer raised again 9 months later: a Series B round of $150M in Feb 2022, at $1.60B post-money.
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 this round 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
Left Lane Capital led the round with 4 other firms.
Lead investor
- backs 77 venture-backed companies new investor
Also in the round
- DST Global backs 179 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
- Speedinvest backs 186 venture-backed companies new investor
- Zinal Growth 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
79 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $12M, and this round was 6.3 times the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 30 May 2021 | $30M | not disclosed | Mirae Asset Venture Investments |
| Ledn Loans & Financing | 26 May 2021 | $30M | $230M | Kingsway Capital |
| Loans & Financing | 26 May 2021 | $10M | not disclosed | Crosslink Capital |
| Capchase Loans & Financing | 4 Jun 2021 | $125M | not disclosed | QED Investors |
| Loans & Financing | 23 Jun 2021 | $100M | not disclosed | Accel |
| Loans & Financing | 7 Apr 2021 | $26M | not disclosed | not named |
| Loans & Financing | 11 Jun 2021 | $14M | not disclosed | Global Founders Capital and Third Prime |
| Loans & Financing | 29 Apr 2021 | $10M | not disclosed | Pantera |
Sources
Where this comes from
Reported by 7 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 Series A round?
Wayflyer raised $76M in its Series A round, announced in May 2021.
Who led Wayflyer's Series A round?
Left Lane Capital led it, with DST Global, QED Investors, Speedinvest and Zinal Growth.
What was Wayflyer's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
79 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $12M, and this round was 6.3 times the median.
Did Wayflyer raise again after this round?
Yes: a Series B round in Feb 2022 of $150M at $1.60B post-money.