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Wayflyer rasies a $150m Series B
We've raised a Series B funding round of $150m. The raise brings Wayflyer’s
valuation to $1.6bn, making us Ireland’s newest unicorn.
Inventory Planning for 2022
Inventory planning is one of the most challenging parts of running an eCommerce
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BLOGNews
SERIES B


ANNOUNCING WAYFLYER’S SERIES B: $150M TO HELP ECOMMERCE BUSINESSES ACCELERATE
GROWTH

Date
February 1, 2022
Category
News
Written by
Aidan Corbett

Today I’m pleased to announce our Series B funding round of $150m. The raise
brings Wayflyer’s valuation to $1.6bn, making us Ireland’s newest unicorn.

I’m thrilled to share that this round was co-led by DST Global and QED
Investors, with existing investors Left Lane Capital and Guillaume Pousaz
(Checkout.com founder) participating. We also welcome new investors Prosus,
Madrone Capital Partners, and J.P. Morgan.

To the teammates, partners, and investors who have joined us on this journey,
and the customers who have put their faith in us to help support their
incredible ambitions, I want to say thank you. Your support has made this
possible.

WHAT DOES THIS INVESTMENT MEAN FOR OUR CUSTOMERS, PRODUCTS, AND TEAM?  

Becoming a unicorn is a massive milestone for us here at Wayflyer. I’m most
excited about how this funding will enable us to better serve the remarkable and
ambitious founders we work with every day. These are special people, building
brands with huge potential. It takes a lot of courage, creativity, and drive to
follow your passion and start something. It’s a privilege to work alongside
them, helping to achieve their dreams.  

But it’s a challenging environment.      

The global eCommerce market is experiencing rapid growth and is expected to hit
$5 trillion this year. However, the financial and supply chain ecosystems are
still playing catch up. Things need a shake-up — and we’re leading the charge.  

This investment will enable us to shape a new ecosystem for eCommerce. We will
be able to continue hiring a world-class team, build game-changing products, and
create the financial infrastructure to power global eCommerce.

BUILDING THE WAYFLYER ECOSYSTEM

Since our launch in April 2020, we’ve been relentlessly focused on helping
eCommerce businesses drive growth, by removing the barriers that limit their
potential. We are a trusted partner to over 1,000 businesses worldwide and have
plans to invest billions of dollars to help our customers grow in the years
ahead.



‍

We plan to continue offering the most flexible funding options, at the best
rates. We’ve seen firsthand how better access to the right capital can help
eCommerce businesses accelerate growth. With Wayflyer:

 * Greg Hayes and the team at Branch scaled sales to $1.5 million/month
 * Nick Allen and Dave Dave Skaff led Geologie to 10x year-on-year sales growth.
   This investment means we can reach so many more of these founders and
   businesses.

But there’s so much more to do, and much more we will do.

We have a unique opportunity to break down all barriers holding eCommerce
companies back from achieving their lofty visions. Right now, we offer faster
and simpler ways to access funding and actionable insights to help eCommerce
businesses scale. But there are many more opportunities out there. This is just
the beginning.

Global supply chains are at breaking point, and sourcing products,
manufacturing, and freight are enormous obstacles for eCommerce businesses —
these are the headaches keeping founders up at night. For Wayflyer to truly be
successful, we need to equip founders with everything they need to get beyond
these obstacles and achieve incredible things.

We have huge plans for 2022, and more news about our expansions and new products
will be coming soon.

Subscribe to our newsletter
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GROWING OUR TEAM SO WE CAN MOVE FASTER



‍

Just two years ago, Wayflyer was a handful of people in a Dublin basement trying
to figure out how we could best help eCommerce companies grow faster.
Fast-forward to the start of 2021, we had grown to a team of 40 people. Now
we’re over 250. And our expansion plans mean we’ll more than double our team by
the end of this year.

As our team grows, we can move faster and serve more founders with more
products. In 2021, as our team scaled, so did the number of customers we helped
— with the funding we provided to customers growing 900%. And this year, we’ll
be moving at lightspeed to do all we can to help our customers reach the next
level.

We’ll be expanding our team in all business areas and bringing more world-class
talent to Wayflyer. We’ll follow up on our successful expansion into Spain and
the Netherlands by launching into new regions. And soon, Wayflyer will go beyond
funding and insights to help our customers burst through more of the barriers
currently limiting their growth.

JOIN US TO SHAPE THE FUTURE OF ECOMMERCE

Seeing our team thrive is one of the most rewarding aspects of being CEO. You
can’t beat the feeling of being part of a team of people who genuinely feel like
they're doing the best work of their careers. There aren’t many companies that
truly give people the opportunity to reach their full potential. But I’m proud
to say that Wayflyer is one of them.

If you want to shape the future of eCommerce with us, we’re hiring for a bunch
of roles in all departments.

Likewise, if you are an eCommerce business looking to take your growth to the
next level, let’s chat about how we can help.

More details about our Series B round can be found in our press release.

Written by
Aidan Corbett
Aidan Corbett is Co-Founder & CEO at Wayflyer
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© Copyright 2022 Wayflyer. All rights reserved.
Solutions
Funding
Company
About
Careers
Our customers
Press
Blog
resources
Help center
Privacy Notice
Terms
Partner program
Referral program
OFFICES
Dublin
London
New York
Sydney
Atlanta
Language
English
SpanishDutch


subscribe to our newsletter
Get expert advice on managing inventory, marketing and finance to grow your
business. The more you know, the faster you grow.
Done! Thanks for subscribing.
Please provide a valid email address
We care about the protection of your data. Read our Privacy Notice.


© Copyright 2022 Wayflyer. All rights reserved.
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