Plaid Raises $610M in Series E
Plaid has successfully raised $610M in a Series E at a $13.4B valuation led by Altimeter Capital, Silver Lake, Ribbit Capital, Andreessen Horowitz, Index Ventures.
Company Overview
Plaid is a FinTech company headquartered in 1098 Harrison Street, San Francisco, CA 94103, founded in 2013 with 800+ employees.
Financial services API
Fundraising Details
- Amount Raised: $610M
- Round Type: Series E
- Valuation: $13.4B
- Date: 2024-04-18
- Investors: Altimeter Capital, Silver Lake, Ribbit Capital, Andreessen Horowitz, Index Ventures
About Plaid
Financial services API The company is positioned in the FinTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1098 Harrison Street, San Francisco, CA 94103
- Founded: 2013
- Team Size: 800+
- Industry: FinTech
What This Means
This funding round demonstrates strong investor confidence in Plaid's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The FinTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Plaid's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $13.4B valuation marks an important milestone for Plaid, positioning the company among notable players in the FinTech industry.
Looking Ahead
With this new capital, Plaid is well-positioned to execute on its growth strategy and continue building innovative solutions in the FinTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-04-18. For more information about Plaid, visit their headquarters at 1098 Harrison Street, San Francisco, CA 94103.
