Wish Valuation Rises to More Than $11 Billion Following Series H Financing Led by General Atlantic
Mobile shopping leader Wish today announced that the companys valuation was $11.2 billion post-money following a Series H round of financing led by General Atlantic, a leading global growth equity firm.
- Mobile shopping leader Wish today announced that the companys valuation was $11.2 billion post-money following a Series H round of financing led by General Atlantic, a leading global growth equity firm.
- With this new investment, Wishs valuation increased from $8.7 billion following its last funding round in late 2017.
- Wish intends to use the proceeds of the Series H financing for marketing and working capital, with plans to expand its merchant footprint in Europe and North America and improve logistics.
- Tanzeen Syed, Managing Director at General Atlantic, said, General Atlantic shares the long-term vision of Peter and the Wish management team to build an accessible and truly globalized shopping marketplace.