Dopay
OperatingDopay is an Egyptian FinTech providing digital payroll solutions for the unbanked and underbanked workforce in emerging markets.
- Financial Services
- Cairo, Egypt
- Series A
- Founded 2014
- dopay.com ↗
- Total raised
- $37M
- disclosed
- Last round
- $13.5M
- Series A
- Rounds
- 8
- since 2014
- Investors
- 15
- on record
- Employees
- 51-200
Dopay funding and investors
Dopay has raised $37M across 8 disclosed rounds. The latest is a $13.5M Series A announced 16 Jul 2024, led by Argentem Creek Partners.
- Lead investors
- 5
- Largest round
- $18M
- Average round
- $6.2M
- disclosed rounds
- Round cadence
- 17 mo
- average gap
- $120KSeedSeed, $120K, $120K raised to date
- $2MSeedSeed, $2M, $2.1M raised to date
- $2.4MSeedSeed, $2.4M, $4.5M raised to date
- $1MConvertible NoteConvertible Note, $1M, $5.5M raised to date
- $18MSeries ASeries A, $18M, $23.5M raised to date
- $13.5MSeries ASeries A, $13.5M, $37M raised to date
SLA Funding Index · grey is capital raised before each round · 2 undisclosed rounds not drawn
Dopay funding rounds8 · newest first
- Series A$13.5M
16 Jul 2024 · led by Argentem Creek Partners
- Series A$18M
15 Sep 2021 · led by NN Group
11 Mar 2019 · led by FMO
- VentureUndisclosed
01 Jun 2017
- Seed$2.4M
29 Jan 2016
- Non-equity AssistanceUndisclosed
29 Jan 2016
- Seed$2M
30 Apr 2015
- Seed$120K
16 Jun 2014
| Announced | Round | Lead · other investors | Amount |
|---|---|---|---|
| 16 Jul 2024 | Series A | Argentem Creek Partners | $13.5M |
| 15 Sep 2021 | Series A | NN Group · Kube VC, Force Over Mass Capital, FMO, Mbuyu Capital Partners, Alder | $18M |
| 11 Mar 2019 | Convertible Note | FMO · Techstars Ventures, NN Group, Force Over Mass Capital, ACE & Company | $1M |
| 01 Jun 2017 | Venture | Chris Adelsbach | Undisclosed |
| 29 Jan 2016 | Seed | Theo Osborne, Techstars, Force Over Mass Capital, Chris Adelsbach | $2.4M |
| 29 Jan 2016 | Non-equity Assistance | Mastercard Start Path | Undisclosed |
| 30 Apr 2015 | Seed | Tekton Ventures, Techstars Ventures, Techstars | $2M |
| 16 Jun 2014 | Seed | Techstars, AquaSpark | $120K |
Investors in Dopay15 · leads first
| Investor | Role | Rounds | First |
|---|---|---|---|
| FMOImpact Investor | Lead in all 2 | Convertible Note, Series A | Mar 2019 |
| Force Over Mass CapitalVenture Capital | Lead in 1 of 3 | Seed, Convertible Note, Series A | Jan 2016 |
| NN GroupVenture Capital | Lead in 1 of 2 | Convertible Note, Series A | Mar 2019 |
| Kube VCVenture Capital | Lead | Series A | Sep 2021 |
| Argentem Creek PartnersVenture Capital | Lead | Series A | Jul 2024 |
| TechstarsPrivate Equity | Participant | Seed | Jun 2014 |
| Techstars VenturesVenture Capital | Participant | Seed, Convertible Note | Apr 2015 |
| Chris AdelsbachPrivate Equity | Participant | Seed, Venture | Jan 2016 |
| AquaSparkPrivate Equity | Participant | Seed | Jun 2014 |
| Tekton VenturesVenture Capital | Participant | Seed | Apr 2015 |
| Mastercard Start PathPrivate Equity | Participant | Non-equity Assistance | Jan 2016 |
| Theo OsborneVenture Capital | Participant | Seed | Jan 2016 |
| ACE & CompanyVenture Capital | Participant | Convertible Note | Mar 2019 |
| Mbuyu Capital PartnersVenture Capital | Participant | Series A | Sep 2021 |
| AlderVenture Capital | Participant | Series A | Sep 2021 |
Frequently asked about Dopay
- How much funding has Dopay raised?
- Dopay has raised $37M across 8 disclosed rounds. Its latest, a $14M Series A, was announced on Jul 16, 2024.
- Who has invested in Dopay?
- Backers include Argentem Creek Partners, NN Group, Kube VC, Force Over Mass Capital and 11 others.
Profile updated Source: SLA Startup IndexHow we count →
