Flutterwave triples its valuation with Series D

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Having attained unicorn status with its Series C round in March last year, African payments technology startup Flutterwave has tripled its valuation following a Series D round backed by a group of new and returning investors. Between them, the investors, led by California-headquartered venture firm B Capital Group, are putting $250 million to work in the firm, at a valuation of $3 billion. This latest round lifts the amount of capital raised since the startup launched 6 years ago to $475 million.

The new investors joining Flutterwave’s cap table are Alta Park CapitalWhale Rock Capital, and Lux Capital. The two investment firms that led Flutterwave’s Series C last year – Avenir Growth Capital and Tiger Global – are back again, as are fellow existing investors Glynn Capital, Green Visor, and Salesforce Ventures.

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