London-based fintech startup Rapyd has raised a $300M (€252.6M) Series E funding round led by Target Global. The round saw participation from several new investors, including funds managed by Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer, along with existing investors such as General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital.
This round, reportedly, values the company at $8.75B (nearly €7.37B).
Target Global is an international investment firm headquartered in Berlin, with more than €2b in assets under management. Its portfolio includes companies such as Auto1, Docplanner, Delivery Hero, Rapyd, TravelPerk, WeFox and Zego.
Last month, the startup acquired Valitor for $100M (approx €84.5M). Meanwhile, in January 2021, the startup has secured $300M (approx €245.5M) in its Series D funding round led by Coatue – a technology-focused investment manager led by Philippe Laffont.