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Remitly has raised $420.1 m in total funding across 10 funding rounds for a $950 m valuation.

Remitly Capital Raised

Remitly Funding Rounds Summary

Founding Date

2011

Remitly total Funding

$420.1 m

Remitly latest funding size

$85 m

Time since last funding

a year ago

Remitly investors

DN Capital, QED Investors, Silicon Valley Bank, DFJ Growth, Bezos Expeditions, Techstars, Stripes Group, Vulcan Capital, Threshold, Geoff Entress, SK Ventures, TomorrowVentures, Top Tier Capital Partners, International Finance Corporation, Trilogy Equity Partners, Sujal Patel, Generation Investment Management, Chase Franklin, Mark Williamson, Founders' Co-op, Prudential Financial, Princeville Global, PayU, Techstars Seattle Accelerator, Threshold Ventures, Stripes, Owl Rock Capital, Schroder & Co Bank AG, Owl Rock Capital Partners, Princeville, Top Tier

Remitly's latest funding round in July 2020 was reported to be $85 m. In total, Remitly has raised $420.1 m. Remitly's latest valuation is reported to be $950 m.

Remitly Funding Rounds

DateAmount RaisedPost-money ValuationInvestors
SeedNov 2011$750 kTechstars, Mark Williamson, Techstars Seattle Accelerator
SeedApr 2012$1.7 mBezos Expeditions, Techstars, Geoff Entress, SK Ventures, TomorrowVentures, Trilogy Equity Partners, Sujal Patel, Chase Franklin, Founders' Co-op
Series AJan 2013$2.6 mTrilogy Equity Partners
Series AJan 2014$5.5 mQED Investors, Bezos Expeditions, SK Ventures, TomorrowVentures, Trilogy Equity Partners, Founders' Co-op
Series BMar 2015$12.5 mDN Capital, QED Investors, Threshold, Trilogy Equity Partners
Series CApr 2016$38.5 mDN Capital, DFJ Growth, Bezos Expeditions, Stripes Group, Vulcan Capital, Trilogy Equity Partners
Series CSept 2016International Finance Corporation
Series CSept 2016$23.5 mSilicon Valley Bank, International Finance Corporation
Series DOct 2017$115 mDN Capital, Stripes Group, Threshold, PayU
Series EJul 2019$135 mDN Capital, Stripes Group, Top Tier Capital Partners, Generation Investment Management, Prudential Financial, Princeville Global, PayU, Schroder & Co Bank AG, Owl Rock Capital Partners
Private EquityJul 2020$85 m$1.5 bDN Capital, Generation Investment Management, PayU, Threshold Ventures, Stripes, Owl Rock Capital, Princeville, Top Tier

Source: TechCrunch - July 2020

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