Funding round
Wayflyer Series B
Wayflyer, which works in business financing solutions in Dublin, raised $150M in a Series B round announced on 1 Feb 2022, led by DST Global and QED Investors, at a $1.60B post-money valuation. 6 firms took part. It is Wayflyer's third venture round on record; the one before was a Series A in May 2021.
$150M
Amount raised
$1.60B
Post-money valuation
6
Investors
2 leads
9.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Wayflyer at $1.60B after the new money. The $150M bought investors about 9.4% of the company. It came 9 months after Wayflyer's Series A. It is 12% of the $1.24B Wayflyer has raised in the venture rounds on record. Wayflyer raised again 19 months later: a Growth round of $1.00B in Sep 2023.
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 this round 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
DST Global and QED Investors led the round with 4 other firms.
Lead investors
- DST Global backs 179 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
Also in the round
- Prosus backs 44 venture-backed companies new investor
- Madrone Capital Partners new investor
- J.P. Morgan new investor
- backs 77 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
40 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $34M, and this round was 4.5 times the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 21 Feb 2022 | $118M | not disclosed | not named |
| Loans & Financing | 18 Feb 2022 | $35M | not disclosed | WestBridge Capital |
| Loans & Financing | 21 Feb 2022 | $20M | not disclosed | Undisclosed global top-tier strategic investor |
| Loans & Financing | 1 Mar 2022 | $137M | $1.30B | Insight Partners and B Capital |
| Capchase Loans & Financing | 10 Mar 2022 | $80M | not disclosed | 01A |
| Loans & Financing | 22 Mar 2022 | $44M | not disclosed | Phoenix Equity Partners |
| Loans & Financing | 18 Jan 2022 | $11M | not disclosed | Burda Principal Investments |
| Loans & Financing | 20 Apr 2022 | $250M | not disclosed | Goldman Sachs |
Sources
Where this comes from
Reported by 6 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 B round?
Wayflyer raised $150M in its Series B round, announced in Feb 2022.
Who led Wayflyer's Series B round?
DST Global and QED Investors led it, with Prosus, Madrone Capital Partners, J.P. Morgan and Left Lane Capital.
What was Wayflyer's valuation at the Series B round?
$1.60B post-money.
How does it compare with other Series B rounds in Loans & Financing?
40 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $34M, and this round was 4.5 times the median.
Did Wayflyer raise again after this round?
Yes: a Growth round in Sep 2023 of $1.00B.