Industry News
T. Rowe Price Leads USD500m Series F Round for Rappi
19 July 2021
T. Rowe Price led a USD500m Series F round for Colombian on-demand delivery startup Rappi at a reported USD5.25b valuation, with participation from SoftBank, GIC, Baillie Gifford, Third Point, and Octahedron. Previews investors in Rappi include DST Global, Andreessen Horowitz, Sequoia Capital and Y Combinator.
(TechCrunch) Rappi, a Colombian on-demand delivery startup, has raised “over” $500 million at a $5.25 billion valuation in a Series F round led by T. Rowe Price, the company announced late Friday.
Baillie Gifford, Third Point, Octahedron, GIC and SoftBank also participated in the new funding event. Previous backers include DST Global, Y Combinator, Andreessen Horowitz and Sequoia Capital.
The new financing brings Bogota-based Rappi’s total raised since its 2015 inception to over $2 billion, according to Crunchbase. Today, the country has operations in 9 countries and more than 250 cities across Latin America. Its last raise was a $300 million funding round in September of 2020.
Read more at TechCrunch.
You may be interested in...
-
LAVCA in Brasil; Morgan Stanley Tactical Value Invests USD100m for Mexico’s Clip
-
GEF Vommits USD6m to Yield Lab’s Opportunity Fund
Global Environment Facility committed USD6m to The Yield Lab Latam’s opportunity...
-
Emerald Technology Ventures Leads USD7.5m Series A for Argentina’s Kilimo
Emerald Technology Ventures led a USD7.5m Series A for Kilimo, an Argentina-based...
-
LAVCA in São Paulo; AWS Cloud Credits Fund; Clip Raises USD100m