Rapyd, a UK-based startup, has picked up an additional USD 20 million, according to TechCrunch.
The USD 20 million comes from new investment company Durable Capital Partners. Rapyd’s valuation with the funding is now at USD 1.2 billion (up from just under USD 1 billion in October 2019).
It was only in October 2019 that Rapyd announced a USD 100 million raise, led by Oak HC/FT. Tiger Global, Coatue, General Catalyst, Target Global, Stripe, and Entrée Capital participated in the funding round.
Durable is the company founded by Henry Ellenbogen, formerly an investor at T. Rowe Price, in what Rapyd said was the company`s first investment.
Rapyd is now is gearing up to make some acquisitions, as it too moves in on the consolidation trend by adding in more tools into its services.
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