Wayflyer hits unicorn status, raising $150m to support eCommerce businesses globally
Wayflyer co-founders Jack Pierse (L) and Aidan Corbett (R) (Photo: Business Wire) Wayflyer co-founders Jack Pierse (L) and Aidan Corbett (R) (Photo: Business Wire)
ATLANTA & DUBLIN & LONDON–( BUSINESS WIRE )–Today Wayflyer , the revenue-based financing and growth platform for eCommerce businesses, announces its Series B funding round of $150m. The raise brings Wayflyer’s post-money valuation to $1.6bn, making it only Ireland’s 6th unicorn.
The all-equity round was co-led by DST Global and QED Investors. They were joined by 3 new investors; Prosus, Madrone Capital Partners and J.P. Morgan. Existing investors Left Lane Capital and Guillaume Pousaz (Checkout.com founder) also participated.
As eCommerce continues to rapidly expand globally, Wayflyer is uniquely positioned to help ambitious eCommerce businesses unlock their true potential, solving some of the critical challenges that have long stifled growth. Combining access to capital and insights that help eCommerce businesses deploy that capital effectively, Wayflyer acts as a trusted growth partner to thousands of merchants worldwide. To further its impact on global eCommerce, Wayflyer will use this funding round to provide billions of dollars to ambitious eCommerce merchants in the coming years.
Wayflyer’s Series B round comes off the back of a significant period of growth for the Dublin-headquartered business. In 2021 alone Wayflyer raised a Series A round of $76m, expanded into new markets including Spain and the Netherlands, opened a dedicated office in Atlanta and formed partnerships with the likes of Adobe, Sezzle and eBay UK. Wayflyer’s staff count increased by 525% in 2021, from 40 up to 250, and its annual capital deployments grew over 900% year-on-year.
The eCommerce sector shows no sign of slowing in 2022, with sales predicted to reach $5.4tn by the end of the year 1 . Against this backdrop, funds from Wayflyer’s Series B round will be used to continue building […]
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