Total amount raised
$2.5B
Latest funding date
2025-10-14
Location
Rappi has successfully raised significant funding through 21 rounds, with the latest being a Debt Financing round. The platform is backed by notable investors, including Gramercy Funds Management and Amazon.
Keep reading to explore the intricacies of Rappi's fundraising journey and the investors backing this innovative platform.
Rappi has raised significant funding across multiple rounds, backed by prominent investors including Gramercy Funds Management, Amazon, Banco Santander, Kirkoswald Capital Partners, T. Rowe Price, SoftBank, DST Global, Andreessen Horowitz, Sequoia Capital, Delivery Hero, and Y Combinator.
Keep reading to explore Rappi's fundraising journey.
What Is Rappi?
Rappi is an on-demand delivery platform that connects users with local businesses and couriers to deliver a wide range of products. The company operates across Latin America, including Mexico, Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Peru, and Uruguay. Founded in Bogotá, Colombia in 2015, Rappi has grown to employ between 1,001 and 5,000 people. The platform covers consumer goods, delivery, e-commerce, food and beverage, food delivery, and mobile apps.
How Much Funding Has Rappi Raised?
- Debt Financing
- Amount Raised: Undisclosed
- Date: October 2025
- Lead Investors: Gramercy Funds Management
- Convertible Note
- Amount Raised: USD 25,000,000
- Date: September 2025
- Lead Investors: Amazon
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: August 2025
- Lead Investors: Banco Santander, Kirkoswald Capital Partners
- Debt Financing (RappiPay)
- Amount Raised: USD 112,000,000
- Date: October 2022
- Lead Investors: Undisclosed (group of local Colombian banks)
- Secondary Market
- Amount Raised: Undisclosed
- Date: September 2022
- Lead Investors: Undisclosed
- Series F
- Amount Raised: USD 108,600,000
- Date: September 2022
- Lead Investors: Undisclosed
- Series F
- Amount Raised: Undisclosed
- Date: February 2022
- Lead Investors: Undisclosed
- Secondary Market
- Amount Raised: USD 150,000,000
- Date: January 2022
- Lead Investors: Undisclosed
- Secondary Market
- Amount Raised: USD 900,000
- Date: December 2021
- Lead Investors: Undisclosed
- Private Equity
- Amount Raised: Undisclosed
- Date: September 2021
- Lead Investors: Undisclosed
- Series F
- Amount Raised: USD 500,000,000
- Date: July 2021
- Lead Investors: T. Rowe Price
- Participants: Baillie Gifford, Third Point, SoftBank, DST Global, Sequoia Capital, Andreessen Horowitz, Y Combinator, GIC
- Valuation: USD 5,250,000,000
- Series E
- Amount Raised: USD 300,000,000
- Date: September 2020
- Lead Investors: T. Rowe Price
- Series E
- Amount Raised: USD 1,000,000,000
- Date: April 2019
- Lead Investors: SoftBank Group, SoftBank Vision Fund
- Series D
- Amount Raised: USD 220,000,000
- Date: September 2018
- Lead Investors: DST Global
- Participants: Andreessen Horowitz, Sequoia Capital
- Series C
- Amount Raised: USD 185,000,000
- Date: April 2018
- Lead Investors: Delivery Hero
- Participants: Sequoia Capital, Andreessen Horowitz
- Series C
- Amount Raised: USD 168,000,000
- Date: January 2018
- Lead Investors: Undisclosed
- Series B
- Amount Raised: USD 52,800,000
- Date: December 2016
- Lead Investors: Undisclosed
- Series A
- Amount Raised: Undisclosed
- Date: July 2016
- Lead Investors: DST Global, Sequoia Capital, Andreessen Horowitz
- Series A
- Amount Raised: USD 9,000,000
- Date: April 2016
- Lead Investors: Redpoint eVentures, Foundation Capital, Floodgate
- Participants: FJ Labs, ZX Ventures, Burch Creative Capital, Monashees, Andreessen Horowitz, Y Combinator
- Seed
- Amount Raised: USD 120,000
- Date: March 2016
- Lead Investors: Y Combinator
- Seed
- Amount Raised: Undisclosed
- Date: 2015
- Lead Investors: Soma Capital
Total Amount Raised: At least $2.93B based on disclosed funding across all rounds (multiple rounds undisclosed; overall estimated total approximately $2.5B per multiple sources including Tracxn and Crunchbase).
Key Investors
- Gramercy Funds Management
- Details: Global investment management firm specializing in emerging market credit. Led Rappi's October 2025 debt financing round (amount undisclosed).
- Amazon
- Details: Multinational technology and e-commerce company. Invested $25M via convertible note in September 2025, with warrants for up to 12% equity stake, forging a strategic delivery partnership in Latin America.
- Banco Santander & Kirkoswald Capital Partners
- Details: Spanish multinational bank and U.S.-based private credit firm, respectively. Co-led Rappi's $100M debt financing in August 2025.
- T. Rowe Price
- Details: Global investment management firm based in Baltimore. Led Rappi's July 2021 Series F ($500M at $5.25B valuation) and September 2020 Series E ($300M).
- SoftBank
- Details: Japanese multinational conglomerate. Led the landmark $1B Series E in April 2019 via both the SoftBank Vision Fund and SoftBank Innovation Fund for Latin America.
- DST Global
- Details: Global investment firm. Led the Series D ($220M, September 2018) and participated in the Series F and earlier rounds.
- Andreessen Horowitz (a16z)
- Details: Prominent Silicon Valley venture capital firm. One of Rappi's earliest backers, participating across Series A, C, D, and F rounds.
- Delivery Hero
- Details: Global food delivery company. Led the Series C round in April 2018 ($185M).
What's Next for Rappi?
Rappi continues to expand into new markets and diversify services across Latin America, operating in nine countries and over 250 cities. Future fundraising looks promising given the Series F round led by T. Rowe Price and SoftBank.
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