Coatue is a technology investment platform managing over $20bn in assets. The firm operates venture, growth, and public funds to back global entrepreneurs.
The Series C round values the cloud payments provider at $15bn and was joined by Greenoaks Capital alongside existing investors.
"Payments affect everything from the customer journey to a business’s ability to enter new markets or launch new products."
The Series B round was led by IVP and Tiger Global with participation from Coatue, DFJ Growth, Accel, Northzone, Salesforce Ventures, and Seedcamp.
"Hopin is the fastest-growing company we have seen at this stage and has meaningfully exceeded its plan since our last investment in June,"
Coatue led the Series B funding round to support product development and strengthen the balance sheet.
"I’m thrilled to welcome Coatue to our cap table. As meaningful investors in late-stage tech companies such as Instacart, DoorDash, Bytedance and Chime they bring a wealth of experience in building world-class businesses driven by operational excellence. They share our vision for a future of connected payments which made them an obvious choice as partners for us."
Stripes led the Series C round alongside participation from Coatue, Tiger Global, BoldStart, Trend Forward, Amity and Salesforce Ventures.
Oak HC/FT led the financing round, which will fund network expansion and product development.
"Global commerce is at a critical inflection point as businesses are pressed to launch new applications, process and accept local payment methods, disburse funds, and manage risk and compliance so they can offer highly localized customer experiences without having to build their own infrastructure. The expectation today is that this must happen around the world in order to drive growth into new markets. As more than half of all transactions worldwide are facilitated via bank transfers and cash, merchants find it increasingly difficult to digitally enable local payment methods and process cross-border sales that are required for international expansion."
