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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
remitly.com

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Total Raised

$520.27M

Investors Count

28

Deal Terms

8

Remitly Funding, Remitly Valuation & Remitly Revenue

14 Fundings

Remitly's latest funding round was a IPO for $522.99M on September 23, 2021.

Remitly's valuation in July 2019 was $950 - $1,000M.

Remitly's latest post-money valuation is from September 2021.

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Date

Round

Amount

Investors

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Revenue

Sources

9/23/2021

IPO

$522.99M

$99M

$0.00B

((9.99x))

FY 1234

16

5/11/2021

Series F - II

$0.00B

((9.99x))

FY 1234

2

7/29/2020

Series F

$85M

$0.00B

((9.99x))

FY 1234

13

7/10/2019

Series E

$99M

$950 - $1,000M

$0.00B

((9.99x))

FY 1234

10

7/10/2019

Line of Credit

$99M

$0.00B

((9.99x))

FY 1234

10

Date

9/23/2021

5/11/2021

7/29/2020

7/10/2019

7/10/2019

Round

IPO

Series F - II

Series F

Series E

Line of Credit

Amount

$522.99M

$85M

$99M

$99M

Investors

Valuation

$99M

$950 - $1,000M

Revenue

$0.00B

((9.99x))

FY 1234

$0.00B

((9.99x))

FY 1234

$0.00B

((9.99x))

FY 1234

$0.00B

((9.99x))

FY 1234

$0.00B

((9.99x))

FY 1234

Sources

16

2

13

10

10

Remitly Deal Terms

8 Deal Terms

Remitly's deal structure is available for 8 funding rounds, including their IPO from September 23, 2021.

Round

IPO

Series F

Series E

Series C

Series B

Funding Date

$99M

$99M

$99M

$99M

$99M

Pre-Money Valuation

$99M

$99M

$99M

$99M

$99M

Post-Money Valuation

$99M

$99M

$99M

$99M

$99M

Amount Raised

$99M

$99M

$99M

$99M

$99M

Shares Authorized

Issuance Price

$99M

$99M

$99M

Dividend Rate

Liquidation Preferences

$99M

$99M

$99M

Liquidation Price

Participation

Conversion Price

Anti Dilution

$99M

$99M

$99M

General Voting

$99M

$99M

$99M

$99M

$99M

Board Voting

$99M

$99M

$99M

$99M

$99M

Par Value

Round

Funding Date

Pre-Money Valuation

Post-Money Valuation

Amount Raised

Shares Authorized

Issuance Price

Dividend Rate

Liquidation Preferences

Liquidation Price

Participation

Conversion Price

Anti Dilution

General Voting

Board Voting

Par Value

IPO

$99M

$99M

$99M

$99M

$99M

$99M

Series F

$99M

$99M

$99M

$99M

$99M

$99M

Series E

$99M

$99M

$99M

$99M

$99M

$99M

$99M

$99M

$99M

Series C

$99M

$99M

$99M

$99M

$99M

$99M

$99M

$99M

$99M

Series B

$99M

$99M

$99M

$99M

$99M

$99M

$99M

$99M

$99M

Remitly Investors

28 Investors

Remitly has 28 investors. DN Capital invested in Remitly's Series F funding round.

First funding

Last Funding

Investor

Rounds

Board Seats

Type

Location

3/19/2015

7/29/2020

5
Series B, Series C (2016), Series D (2017), Series E (2019), Series F (2020)

Venture Capital

United Kingdom

4/26/2016

7/29/2020

4
Series C, Series D (2017), Series E (2019), Series F (2020)

Growth Equity

New York

3/19/2015

7/29/2020

4
Series B, Series C (2016), Series D (2017), Series F (2020)

Venture Capital

California

00/00/0000

00/00/0000

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Corporation

Netherlands

00/00/0000

00/00/0000

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Venture Capital

Washington

First funding

3/19/2015

4/26/2016

3/19/2015

00/00/0000

00/00/0000

Last Funding

7/29/2020

7/29/2020

7/29/2020

00/00/0000

00/00/0000

Investor

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Rounds

5
Series B, Series C (2016), Series D (2017), Series E (2019), Series F (2020)
4
Series C, Series D (2017), Series E (2019), Series F (2020)
4
Series B, Series C (2016), Series D (2017), Series F (2020)

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Board Seats

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Type

Venture Capital

Growth Equity

Venture Capital

Corporation

Venture Capital

Location

United Kingdom

New York

California

Netherlands

Washington

Remitly Acquisitions

2 Acquisitions

Remitly acquired 2 companies. Their latest acquisition was Symphoni on May 17, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/17/2019

Acquired

1

7/14/2015

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$99M

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10

Date

5/17/2019

7/14/2015

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired

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Sources

1

10

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