Wayflyer hits unicorn status as it raises $150 million

E-commerce startup Wayflyer has announced a Series B funding round of $150 million. 

This brings the Ireland-based venture’s post-money valuation to $1.6 billion.

The Series B round was co-led by DST Global and QED Investors.

They were joined by three new investors, Prosus, Madrone Capital Partners and J.P. Morgan. Existing backers Left Lane Capital and Guillaume Pousaz (Checkout.com founder) also participated.

Wayflyer provides e-commerce businesses with a range of financing and analytics solutions.

In 2021, it raised a Series A round of $76 million, expanded into new markets including Spain and the Netherlands, opened a dedicated office in Atlanta, USA and formed partnerships with the likes of Adobe, Sezzle and eBay UK. 

The Series B cash will be used to build its presence in current territories, expand into new territories across Europe and into Asia, expand its product range, and hire talent globally.

Aidan Corbett, Wayflyer CEO, says: “Since launching in April 2020, Wayflyer has been relentlessly focused on helping our customers drive growth and removing the barriers that limit their potential.”

“The founders we work with have incredible ideas and passion for making things happen; they’re constantly striving to break new ground and go further in business — and we’re proud to support them and help them reach new heights.”

He adds: “Our Series B round will help us build our offering to customers, expand into exciting new territories, and hire more world class talent.”

“We’ve only just scratched the surface of what’s possible here, and with an incredible team all working together to solve the biggest challenges in e-commerce, I couldn’t be more excited for what’s ahead.”

Tom Stafford, Co-founder and Managing Partner at DST Global, says: “The Wayflyer team remain focused on helping e-commerce companies grow and maximise their potential.”

“We are impressed by their commitment to building the best products for their customers and proactively helping their customers grow via analytics, practical insights and attractively priced funding.”

“We are pleased to continue supporting the team, as Wayflyer expands globally to provide innovative financing and growth solutions for e-commerce businesses around the world.”