Gornitzky & Co. has represented Israeli fintech company, Rapyd in its landmark USD 300 million financing
Gornitzky & Co. has represented Israeli fintech company, Rapyd in its landmark USD 300 million financing round led by Coatue Management. The Series D financing takes the company’s valuation to USD 2.5 Billion.
New investors came on board, including Spark Capital, Avid Ventures, FJ Labs and Latitude; while previous backers joined again, such as General Catalyst, Oak HC/FT, Tiger Global, Target Global, Durable Capital, Tal Capital and Entrée Capital.
The new financing will be used to double the engineering and product teams, as well as expand the platform’s “self-service” onboarding, a feature that SaaS products usually depend on.
Founded in 2016, Rapyd most recently raised about USD 120 million in a Series C round at the end of 2019.
Rapyd was represented by Hi-Tech team members, partner Shlomo Landress and senior associate Dan Fisher, as well as associate Nir Moses from Gornitzky’s Tax team.
