Total amount raised
$928 Millions
Latest funding date
6/1/2021
Location
Mollie has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of payment solutions for businesses of all sizes, from startups to enterprises.
Keep reading to explore the intricacies of Mollie's fundraising journey and the investors backing this innovative platform.
What Is Mollie?
Mollie, founded in 2004, is a Netherlands-based company that provides a variety of payment solutions for businesses of all sizes. The company was established by Adriaan Mol, who aimed to simplify the payment process for merchants.
With a focus on innovation, Mollie offers services such as online payments, in-person payments, recurring payments, and fraud prevention. Their solutions are designed to be user-friendly and efficient, catering to the needs of both small startups and large enterprises.
Today, Mollie employs over 700 people, working together to support businesses in managing their financial transactions seamlessly. The company's commitment to excellence has made it a trusted partner for many organizations worldwide.
How Much Funding Has Mollie Raised?
- Series A
- Amount Raised: €25M
- Date: July 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series B
- Amount Raised: $106M
- Date: September 2020
- Lead Investors: TCV
- Valuation at Round: $1 billion+
- Motivation Behind the Round: To scale the business, expand market reach, and enhance product development.
- Series C
- Amount Raised: $800M
- Date: June 2021
- Lead Investors: Blackstone Growth (BXG)
- Valuation at Round: $6.5 billion
- Motivation Behind the Round: To accelerate growth by expanding product offerings, moving into more geographies, and hiring talent.
Total Amount Raised: $931M
Current Valuation: $6.5 billion
Key Investors
- Blackstone Growth (BXG)
- Details: Blackstone Growth is the growth equity investing business of Blackstone, one of the world's leading investment firms. They focus on providing capital to high-growth companies.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Bumble, Oatly, Epidemic Sound.
- EQT Growth
- Details: EQT Growth is a segment of EQT Group, a global investment organization. They specialize in growth-stage investments.
- Investment Focus Areas: Technology, healthcare, industrial technology.
- Notable Investments: Epidemic Sound, Wolt, Vinted.
- General Atlantic
- Details: General Atlantic is a global growth equity firm providing capital and strategic support for growth companies. They have a long history of successful investments.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: Airbnb, Uber, Slack.
- HMI Capital
- Details: HMI Capital is an investment firm that focuses on long-term investments in high-growth companies. They aim to partner with management teams to build enduring businesses.
- Investment Focus Areas: Technology, consumer, financial services.
- Notable Investments: Not publicly disclosed.
- TCV
- Details: TCV is a venture capital firm that provides growth capital to technology companies. They have a strong track record of supporting innovative businesses.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Netflix, Spotify, Airbnb.
What's Next for Mollie?
Mollie stands at the cusp of significant growth opportunities, driven by the increasing demand for digital payment solutions and financial services for small and medium-sized businesses (SMBs). The company plans to expand its product offerings to include working capital, card issuing, and business banking, targeting the underserved SMB market. With the payments market being highly fragmented, Mollie has a substantial opportunity to capture a larger market share.
Future fundraising seems promising, given the strong interest from top-tier investors like Blackstone Growth and General Atlantic. This financial backing could support Mollie's ambitious plans for global expansion and technology development. However, the company will need to navigate intense competition from established players like Stripe and PayPal, as well as regulatory challenges in new markets. Maintaining service quality while scaling operations will be crucial for Mollie's continued success.
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