Rappi Reaches $5.25 Billion Valuation With Series F Round

New York – August 17, 2021 – Cooley advised Rappi, a Colombian on-demand delivery app, on its $500 million Series F financing round, which brings its valuation to $5.25 billion. Lawyers Stephane Levy, Tamim Bazzi and Robert Warshaw led the Cooley team advising Rappi.

T. Rowe Price led the round, which included participation from Baillie Gifford, Third Point, Octahedron Capital, GIC and SoftBank.

Rappi is an all-purpose delivery application that aims to be a personal assistant for its users. With more than seven million users and a presence in Colombia, Brazil, Mexico, Argentina, Chile, Uruguay, Peru, Ecuador and Costa Rica, Rappi’s platform enables users to order and receive deliveries for goods such as groceries, meals, beverages, electronics and medical prescriptions.

Cooley has advised Rappi on several transformative corporate transactions since 2016, including its $220 million funding round in 2018, which established the company’s unicorn status; its up to $1 billion investment by SoftBank in 2019; and its $300+ million financing round in 2020.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,300 lawyers across 17 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.