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durablecap.com

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Investments

54

Portfolio Exits

13

Funds

2

About Durable Capital Partners

Durable Capital Partners is an investment firm based in Washington, DC founded by former portfolio manager at T. Rowe Price, Henry Ellenbogen.

Durable Capital Partners Headquarter Location

5425 Wisconsin Ave.

Washington, DC, 20815,

United States

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Research 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

U.S. Fintech Affirm Secures $500 Million Through Series G Funding Round Led By GIC & Durable Capital Partners

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.

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Durable Capital Partners Investments Activity

investments chart

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

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$99M

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10

12/8/2021

Series F

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$99M

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10

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

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Amount

$75M

$160M

$100M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

10

3

9

10

10

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

$99M

Public

7

9/24/2021

IPO

$99M

Public

10

9/22/2021

IPO

$99M

Public

7

8/27/2021

Reverse Merger

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$99M

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10

7/28/2021

IPO

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$99M

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10

Date

9/29/2021

9/24/2021

9/22/2021

8/27/2021

7/28/2021

Exit

IPO

IPO

IPO

Reverse Merger

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

Public

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Sources

7

10

7

10

10

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

$99M

10

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

$99M

Sources

1

10

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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