Massive Airwallex Cash Exposes VC Herding

Massive Airwallex cash exposes VC herding

The mega round featured Blackbird and Airtree, whose appearance speaks more to their own past bets.

Airwallex nears $10 billion valuation after historic $466 million Series F raise

Cross-border payments company Airwallex has completed an enormous $466 million Series F round, bringing its valuation to $9.6 billion.

Airwallex lands $465m series F and a decacorn title

The latest fundraising round values the company at AUD$9.6 billion, and is the first time Blackbird is included in the cap table. Airwallex founders Jacob Dai, Jack Zhang, Lucy Liu, and Max Li. Image: Getty It has now raised more than a billion dollars in VC capital, and is on track to hit a billion in annual revenue this year. Melbourne-founded decacorn Airwallex has closed its Series F round with investment from Blackbird, Square Peg, Airtree,…