Wayflyerthe platform for the growth and financing based on the income of companies in the sector e-commercehas announced a Series B funding round of $150 million. Upon completion, the expansion will raise Wayflyer’s valuation to $1.6 billion, making the company the sixth unicorn of ireland.
The cash financing round was coordinated by DST Global and QED Investors. They were joined by 3 new investors: Prosus, Madrone Capital Partners and JP Morgan. Current investors such as Left Lane Capital and Guillaume Pousaz (founder of Checkout.com) also participated.
Aidan Corbett, CEO of Wayflyer, said: “Since its launch in April 2020, Wayflyer has been relentlessly focused on helping our customers drive growth and remove barriers to their potential. The founders we work with have amazing ideas and are passionate about making things happen; they are constantly striving to break new ground and go further in business, so we are proud to support them and help them reach new heights. Our Series B funding round will help us broaden our client offerings, expand into exciting new territories, and hire more people with world-class talent. We’ve barely scratched the surface of what we can do, and with an amazing team working together to solve the biggest challenges in e-commerce, I couldn’t be more excited about what lies ahead.”
As e-commerce continues to expand rapidly around the world, Wayflyer is uniquely positioned to help ambitious e-commerce businesses unlock their true potential, solving some of the most critical challenges that have long held back growth. Combining access to finance and analytics that enable e-commerce businesses to effectively deploy that capital, Wayflyer acts as a Trusted growth partner for thousands of sellers around the world. To expand its impact in global e-commerce, Wayflyer will use this funding round to provide billions of dollars to ambitious e-commerce operators over the next few years.
Wayflyer’s series B funding round follows a significant period of growth for the Dublin-based company. Alone in 2021, Wayflyer raised $76 million in a series A funding round, expanded into new markets such as Spain and the Netherlands, opened a dedicated office in Atlanta and formed partnerships with companies such as Adobe, Sezzle and eBay UK. the template of Wayflyer grew 525% in 2021going from 40 to 250 employees, while capital deployment increased by more than 900% year-on-year.
The e-commerce sector shows no signs of slowing down in 2022 and is expects sales to reach $5.4 billion by the end of the year. In this context, the funds obtained in Wayflyer’s series B round will be used to further consolidate its current presence, but also to expand into new territories in Europe and Asia, to continue expanding its product range and to recruit the best talent. on an international scale.
Tom Stafford, Co-Founder and CEO of DST Global, noted: “Aidan, Jack and the team at Wayflyer remain focused on helping eCommerce businesses grow and maximize their potential. We are impressed by your commitment to creating the best products for your clients and to proactively helping your clients grow through analysis, actionable insights and financing at attractive prices. We are delighted to continue supporting the team as Wayflyer expands internationally to provide innovative financing and growth solutions to e-commerce businesses around the world.”