The news is a reflection of the speed of the world’s inexorable shift to digital. It also means that we’ve more than doubled our valuation since our Series C just a year ago. And given we’re still at what I refer to as ‘chapter zero,’ there’s an incredible opportunity ahead.
You can read much more about our Series D in today’s press release. The additional capital will not only strengthen our balance sheet. It will help us scale our operations to meet demand in the US, evolve our platform with solutions for marketplaces and payfacs, and strengthen our position in Web3. Combined, these opportunities represent an addressable market in the tens of trillions of dollars.
For Series D, we welcome Altimeter, Dragoneer, Franklin Templeton, GIC, Insight Partners, the Qatar Investment Authority, Tiger Global, the Oxford Endowment Fund, and another large west coast mutual fund management firm as our primary investors. Several of our other existing investors also participated in this round.
I am truly grateful to the thousands of customers that have placed their trust in us over the past decade. Today we serve large-scale ecommerce and services merchants like Netflix, Farfetch, Grab, NetEase, Pizza Hut, Shein, Siemens and Sony; fintech unicorns such as Klarna, Qonto, Revolut and WorldRemit; and many of the world’s largest crypto players, including Coinbase, Crypto.com, FTX, and MoonPay.
I’m also truly grateful to our 1700+ employees around the world. They have made Checkout.com what it is today, and they continue to work tirelessly in pursuit of our mission, which we’ve crystallized today: to enable businesses and their communities to thrive in the digital economy. And we plan to continue hiring at a rapid pace this year, with another 1000 or so roles in the works.
I want to thank our customers, partners, investors, and team for helping create not just a successful company, but one we can all be proud of. And I can’t wait to take the next step.
Peace & Power,