Investments
54Portfolio Exits
13Funds
2Research containing Durable Capital Partners
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CB Insights Intelligence Analysts have mentioned Durable Capital Partners in 1 CB Insights research brief, most recently on Dec 4, 2019.
Latest Durable Capital Partners News
Sep 18, 2020
U.S. fintech Affirm announced on Thursday it secured $500 million through its Series G investment round, which was led by GIC and Durable Capital Partners LP. Other returning investors include Lightspeed Venture Partners, Wellington Management Company, Baillie Gifford, Spark Capital, Founders Fund, and Fidelity Management & Research Company LLC. As previously reported, Affirm is a point of sale credit provider that is currently working with more than 5,000 merchants, including Article, Joybird, West Elm, and Shopify. The company’s goal is to provide shoppers with an alternative to expensive credit cards at the point of sale, giving them the flexibility to buy now and make simple monthly payments for their purchases. Affirm reported it has raised more than $1.3 billion from investors to date. While speaking about the latest round of funding, Max Levchin, CEO and Founder of Affirm, stated: “We’re excited about this vote of confidence from both new and existing investors as we advance our mission to build honest financial products that improve lives. Alongside this new capital, our latest product is another step towards becoming as ubiquitous as credit cards – Affirm is now an even more attractive payment option for everyday wants and needs. We can also now better support merchants who offer smaller ticket items and bring their customers a more transparent, flexible way to pay.” Along with the investment round, Affirm announced it is introducing an interest-free biweekly payment product for transactions as low as $50. As with the company’s existing monthly payment options, consumers will never be charged late or hidden fees when using this new product. “By offering Affirm, our 6,000 merchant partners can drive overall sales, grow average order value (AOV), and increase repurchase rates. In 2019, merchants using Affirm reported 85% higher AOVs when compared to other payment methods, and 67% of Affirm purchases were from repeat users.” Sponsored Links by DQ Promote You may also like...
Durable Capital Partners Investments
54 Investments
Durable Capital Partners has made 54 investments. Their latest investment was in Spotnana as part of their Series B on July 7, 2022.
Durable Capital Partners Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/26/2022 | Series B | Spotnana | $75M | Yes | 10 | |
4/21/2022 | Series E | Convoy | $160M | No | 3 | |
2/14/2022 | Series E | Evolve | $100M | Yes | 9 | |
1/19/2022 | Series C | |||||
12/8/2021 | Series F |
Date | 7/26/2022 | 4/21/2022 | 2/14/2022 | 1/19/2022 | 12/8/2021 |
---|---|---|---|---|---|
Round | Series B | Series E | Series E | Series C | Series F |
Company | Spotnana | Convoy | Evolve | ||
Amount | $75M | $160M | $100M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 10 | 3 | 9 |
Durable Capital Partners Portfolio Exits
13 Portfolio Exits
Durable Capital Partners has 13 portfolio exits. Their latest portfolio exit was Warby Parker on September 29, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
9/29/2021 | IPO | Public | 7 | ||
9/24/2021 | IPO | Public | 10 | ||
9/22/2021 | IPO | Public | 7 | ||
Date | 9/29/2021 | 9/24/2021 | 9/22/2021 | ||
---|---|---|---|---|---|
Exit | IPO | IPO | IPO | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | Public | Public | ||
Sources | 7 | 10 | 7 |
Durable Capital Partners Fund History
2 Fund Histories
Durable Capital Partners has 2 funds, including Durable Capital Partners I LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
3/5/2020 | Durable Capital Partners I LP | Buyouts & Acquisitions | Closed | $6,040M | 1 |
2/12/2020 | Durable Capital Partners |
Closing Date | 3/5/2020 | 2/12/2020 |
---|---|---|
Fund | Durable Capital Partners I LP | Durable Capital Partners |
Fund Type | Buyouts & Acquisitions | |
Status | Closed | |
Amount | $6,040M | |
Sources | 1 |
Durable Capital Partners Team
1 Team Member
Durable Capital Partners has 1 team member, including current Founder, Henry Ellenbogen.
Name | Work History | Title | Status |
---|---|---|---|
Henry Ellenbogen | Founder | Current |
Name | Henry Ellenbogen |
---|---|
Work History | |
Title | Founder |
Status | Current |
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