LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Coatue Leads USD150m Series C for Brazilian POS CloudWalk

17 November 2021
Coatue + CloudWalk

Coatue led a USD150m Series C for CloudWalk, a Brazilian POS and blockchain-based payments platform for entrepreneurs and SME, with participation from, DST Global, A-Star, Plug and Play Ventures, and angel Gokul Rajaram (DoorDash), and follow-on from Valor Capital Group and The Hive Brazil at a reported USD2.15b valuation. Coatue led a USD190m Series B in May.

(Press Release) – CloudWalk (the “Company”), the São Paulo-based payment technology network, today announced that it has raised US$150 million in Series C funding led by Coatue, with participation from DST Global, A-Star, The Hive Brazil, Plug and Play Ventures, Valor Capital Group, angel investor Gokul Rajaram and American football players Larry Fitzgerald and Kelvin Beachum. Financial Technology Partners (FT Partners) acted as CloudWalk’s exclusive strategic and financial advisor in this transaction. This financing round brings the Company’s total capital raised to US$365 million and implies a post-money valuation of US$2.15 billion.

With a presence in 150,000 stores across 4,300 cities in Brazil, CloudWalk’s vision is to create the best payment network worldwide, as the Company is democratizing the payments industry by empowering merchants and entrepreneurs through technological, inclusive, and life-changing solutions. In 2019, CloudWalk launched InfinitePay, CloudWalk’s flagship payments processor platform serving merchants, and acquired Confere, a cash flow reconciliation and data aggregation software. This year, CloudWalk has furthered its commitment to innovation by launching Payment Link, an e-commerce platform to help merchants transact online; Digital Wallet, a wallet product enabling a two-sided network for merchants and consumers; Brazilian Digital Real, a stable coin; and by providing free e-commerce stores platforms to all merchants, as well as cashback options to shoppers.

CloudWalk’s digital-first, next generation platform integrates blockchain and machine learning elements in its core processing stack, increasing efficiency, security and scalability in the payment technology space. These cost savings translate to CloudWalk being able to offer the best merchant discount rates and anticipation rates among its peers, for both regular credit card transactions as well as installment-based payment plans. CloudWalk has driven exceptional growth of over 5,000% over the past 24 months and has processed more than US$2.4 billion in transactions annually.

“With this additional capital, we will be well-positioned to continue creating products that make our customers’ lives easier,” said Luis Silva, CloudWalk Founder & CEO, stated, “As the global payments market rapidly evolves, we believe that blockchain will soon become the dominant source for all future payment processes. This investment represents confidence in our ability to meet customers’ unique and evolving needs with our current portfolio, while also providing flexibility to drive further growth by deploying capital to hire exceptional talent, fund product innovation and drive increased research and development. We are excited to continue scaling our next-generation payments platform that will continue to drive low fees for merchants and offer world-class customer service.”

Michael Gilroy, a General Partner at Coatue, said, “We believe that CloudWalk is one of the most exciting fintech companies in Latin America due to its impressive growth and its deep commitment to constant innovation of digital payment solutions. We are extremely proud to once again partner with Luis and his team to help CloudWalk maintain their strong presence in Brazil and pursue opportunities to expand internationally.”

“FT Partners is proud to represent Luis and the CloudWalk team on this transaction,” said Steve McLaughlin, CEO and Founder of FT Partners. “We’re witnessing the creation and rise to prominence of the future of payments in LatAm and CloudWalk is leading the way to create one of the largest payments and fintech businesses in the world.”

The funds raised in the Series C will be used to further accelerate CloudWalk’s growth by fueling ongoing innovation of its existing product portfolio, development of new cutting-edge solutions – including improvements to leverage the blockchain – and hiring best-in-class global technology talent. CloudWalk also intends to use this capital to drive international expansion, with a goal to begin broadly rolling out in the U.S. and European markets within the next two years.

CloudWalk’s Series C announcement follows its Series B financing round in May 2021. CloudWalk’s Series B raised US$190 million and was led by Coatue and joined by DST Global, FIS, The Hive Brazil and Valor Capital.

Coatue Leads USD150m Series C for Brazilian POS CloudWalk was last modified: December 1st, 2021 by cramos
BrazilCloudWalkCoatueDoorDashDST GlobalFintechPlug and Play VenturesVenture Capital
0
Facebook Twitter Google +

Tech Growth Membership

The 2023 LAVCA Startup Founders Survey is made possible thanks to the support of LAVCA’s Tech Growth Membership, a group of leading tech companies and investors advancing the tech ecosystem in Latin America including AWS, Mercado Libre, Microsoft, Qualcomm Ventures, SVB, Riverwood Capital, Google and Movile.

VC Partner Events

    Tweets

    Missing consumer key - please check your settings in admin > Settings > Twitter Feed Auth

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

    VC Industry News

    • Valor Capital Group and NFX Co-Lead USD9.3m Series A for Brazil’s Praso

      30 August 2023
    • EQT Growth Leads USD85m Series F for Brazil’s Gympass at USD2.2b Valuation

      23 August 2023
    • Tiger Global Leads USD61m Series B for Brazil’s Nomad 

      22 August 2023
    • NASZCA and IDB Invest Lead USD15.5m Series A for Mexico’s Wonder Brands

      17 August 2023
    • Victory Park Capital Provides USD100m Credit Facility for Mexico’s Klar

      15 August 2023
    • General Catalyst Lead USD45m Series B for Brazil’s Tractian

      7 August 2023
    • General Catalyst Leads USD45m Round for Brazil’s Tractian

      7 August 2023
    • ADQ Provides USD100m In Convertible Debt to Brazil’s Loft

      2 August 2023
    • Danish SDG Investment Fund Leads USD31.5m Series C for Mexico’s Bright  

      27 July 2023
    • Colombia’s Foodology Raises USD17m from Andreessen Horowitz, 30N Ventures and Chimera

      19 July 2023

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Office

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

    Explore LAVCA.org

    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top