BNPL operator Addi raises USD 140 million

The funding was led by Greycroft with participation from new investors GGV Capital, Citius Capital, and Intersection Growth Partners, as well as existing investors Andreessen Horowitz, Citius VC, Endeavor Catalyst, Foundation Capital, Monashees, and Quona Capital. 

Union Square’s Opportunity Fund also participated in the round, after having led the previous round. The company disclosed that this new round has nearly tripled its valuation into the `hundreds of millions`.