Venture capital fund · 1 deal
Every published round Gangwal took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Scalapay | Series B | 24 Feb 2022 | $692m | Participant | Startup Daily (6 Sep 2023), Australian FinTech, Forbes Australia, SmartCompany (15 Dec 2022), SmartCompany (7 Apr 2022), Techboard, Startup Daily (28 Feb 2022), Startup Daily (24 Feb 2022), SmartCompany (24 Feb 2022), SmartCompany (24 Feb 2022) |
Companies Gangwal has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Scalapay | 24 Feb 2022, Series B | 1 | 0 |
Fund closes reported for Gangwal, as distinct from the investments it has made.
Companies Gangwal has backed that another company then bought. An exit for the holding, not a deal Gangwal did.
Stories naming Gangwal. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Scalapay, an Australian-founded buy-now-pay-later firm operating in Europe, has raised a combined debt and equity Series B co-led by Tencent and Willoughby Capital, valuing it at $1.9 billion.
Wollongong-born buy-now-pay-later firm Scalapay has reached unicorn valuation after closing a large Series B jointly led by Tencent and Willoughby Capital, following its September 2021 Series A, and plans growth via acquisitions.