Rapyd raises USD 300 million at record USD 10 billion valuation
Rapyd announced this past week it had raised USD 300 million in a Series E funding round at a valuation of USD 10 billion, making it the highest-valued private tech company in the history of Israel.
“We will go public in three years and will be Israel’s biggest company. Bigger than NICE and Wix,” Rapyd CEO and co-founder Arik Shtilman told Calcalist. “We could go public today, but we want to reach USD 1 billion in revenue and go public at the highest possible valuation.”
The round was led by Target Global – represented by FWMK (Furth, Wilensky, Mizrachi, Knaani – Law Offices), with Itai Farkash and Elisha Bornstein advising on this financing round, with several new investors joining the round.
Rapyd has raised USD 960 million to date, USD 160 million of which in secondary deals. Rapyd completed a massive USD 400 million funding round at a valuation of USD 2.5 billion in January of this year.
Founded in 2015 as CashDash by Arkady Karpman, Arik Shtilman, and Omer Priel, Rapyd offers payment services enabling the transfer of electronic funds across borders through various means of payment, including bank transfers, digital wallets, and cash. Rapyd’s platform supports 65 currencies in more than 170 countries and enables global transfers in real-time.
