Briefing Business

The Briefing: Chargebee Lands $250M, Wayflyer Raises $150M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Chargebee picks up $250M

Chargebee, a provider of subscription and recurring billing tools for SaaS and e-commerce businesses, raised $250 million in a funding round led by Tiger Global and Sequoia.

The financing reportedly sets a valuation around $3.5 billion for the 11-year-old company.

— Joanna Glasner

Wayflyer lands $150M for revenue-based financing

Dublin-based Wayflyer, a provider of revenue-based financing to e-commerce brands, raised $150 million in a Series B equity funding round.

DST Global and QED Investors led the financing, which sets a valuation of $1.6 billion for the company that launched its service in April 2020.

Wayflyer says it currently works with over 1,000 businesses worldwide and  plans to invest billions of dollars in its customers in the years ahead.

— Joanna Glasner

GWI lands $180M Series B

London-based GWI closed a $180 million Series B led by Permira’s growth fund, valuing the company at more than $850 million.

Founded in 2009, the company’s software provides global market research and audience insights to brands, agencies and media organizations. Since raising a $40 million Series A in 2018, GWI has tripled recurring revenue and now has nearly 400 employees globally, the company said in a release.

— Chris Metinko

Funding rounds

Island raises $100M for enterprise browser: Dallas-based Island, a startup that has developed a browser for enterprise users, emerged from stealth with around $100 million in new funding. Backers include Insight Partners, Sequoia Capital, Cyberstarts and Stripes.

— Joanna Glasner

Illustration: Dom Guzman

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