Macfarlanes advises Checkout.com on $450m Series C fundraise tripling company value to $15bn
This fundraise makes Checkout.com the fourth largest fintech globally and EMEA’s most valuable venture-backed business with 500+ new enterprise customers.
The Series C was led by Tiger Global Management, an investment firm that partners with entrepreneurs running growth companies such as Facebook, LinkedIn Spotify, ByteDance and JD.com. There was also participation from Greenoaks Capital and Checkout.com’s existing investors.
The new funding will be used to grow Checkout.com’s balance sheet and drive new expansion opportunities, particularly in the US.
The Macfarlanes team was led by corporate and M&A partner Alex Edmondson with assistance from solicitor Olivia MacLellan.
Alex Edmondson comments: “We are delighted to have advised Checkout.com on its Series C fundraise, which has seen the company’s valuation triple again in the short period since its Series B fundraise in June 2020. This highlights the impressive growth trajectory that this company is on and we pleased to be a part of its journey.”