# Flywire funding: rounds and investors

> Flywire has raised $403M across 8 rounds since 2010. Investors include Spark Capital, QED Investors and Accel. Every round with its source.

Source: https://millionrounds.com/company/flywire (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Flywire*

8 rounds we have observed, with the 26 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services Fintech

Funding summary Updated 26 Oct 2026

**$403M** raised across 8 rounds since 2010, from 8 sources

**$1.1M** Seed **$7.5M** Series A **$6.4M** Series C **$6.2M** Series C **$22M** Series D **$100M** Series D **$260M** Round

- **Latest round:** Round, $260M Aug 2023
- **Step-up i:** 2.6×
- **Investors:** 26

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2010 2012 2014 2016 2018 2020 2022

**$1.1M** Seed

**$7.5M** Series A

**$6.4M** Series C

**$6.2M** Series C

**$22M** Series D

**$100M** Series D

**?** Venture

**$260M** Round

- **First round:** Seed, $1.1M
- **Biggest round:** $260M
- **Usual gap between rounds:** 18 months

[**Flywire** Financial services 1 / 3 Their pitch deck **Flywire's pitch deck, 3 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/flywire)

## The rounds

- **Aug 2023** Round **$260M** *1 new* *3 returning* [Accel](https://millionrounds.com/fund/accel) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Temasek Holdings](https://millionrounds.com/fund/temasek) [QED Investors](https://millionrounds.com/fund/qed-investors) Source recorded
- **Jan 2020** Venture **Amount undisclosed** *4 new* [Techstars](https://millionrounds.com/fund/techstars) [Elemental Impact](https://millionrounds.com/fund/elemental-impact) [The Draper Richards Kaplan Foundation](https://millionrounds.com/fund/the-draper-richard) [Keyhorse Capital](https://millionrounds.com/fund/keyhorse-capital) Source recorded SEC filing: $120M sold, first sale Feb 2020
- **Jun 2018** Series D **$100M** *1 new* *1 returning* [F-Prime Capital](https://millionrounds.com/fund/f-prime) Temasek/ Bain Reported by FinSMEs
- **Jan 2015** Series D **$22M** *1 new* [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) From a historical funding record
- **Jan 2014** Series C **$6.2M** *2 new* *3 returning* [Spark Capital](https://millionrounds.com/fund/spark-capital) [QED Investors](https://millionrounds.com/fund/qed-investors) [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Kibo Ventures](https://millionrounds.com/fund/kibo-ventures) [Devonshire Investors](https://millionrounds.com/fund/devonshire-investors) From a historical funding record
- **Jun 2013** Series C **$6.4M** *3 new* *2 returning* [Spark Capital](https://millionrounds.com/fund/spark-capital) [QED Investors](https://millionrounds.com/fund/qed-investors) [Maveron](https://millionrounds.com/fund/maveron) [Kibo Ventures](https://millionrounds.com/fund/kibo-ventures) [Fides Finanz-Invest](https://millionrounds.com/fund/fides-finanz-invest) From a historical funding record
- **Aug 2011** Series A **$7.5M** *3 new* *1 returning* [Accel](https://millionrounds.com/fund/accel) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Maveron](https://millionrounds.com/fund/maveron) [Boston Seed Capital](https://millionrounds.com/fund/boston-seed-capital) Reported by techcrunch.com
- **Oct 2010** Seed **$1.1M** *11 new* [Spark Capital](https://millionrounds.com/fund/spark-capital) [Roy Rodenstein](https://millionrounds.com/fund/roy-rodenstein) [Marek Fodor](https://millionrounds.com/fund/marek-fodor) [John Landry](https://millionrounds.com/fund/john-landry) [Jim Hornthal](https://millionrounds.com/fund/jim-hornthal) [Reed Sturtevant](https://millionrounds.com/fund/reed-sturtevant) [500 Hats](https://millionrounds.com/fund/dave-mcclure) Katie Rae Ken & Laura Morse Pablo Carrallo Raul Aznar Reported by bits.blogs.nytimes.com

## Founders and team

From Flywire's own website and the SEC filings it signed: 11 on the team.

- **David King** Chief Product Officer & Co-President of Global Education
- **Mike Massaro** Chief Executive Officer
- **Rob Orgel** President and Chief Operating Officer
- **Sharon Butler** Co-President of Global Education
- **Allison MacLeod** Chief Commercial Officer
- **Cosmin Pitigoi** Chief Financial Officer
- **Mohit Kansal** Chief Payments Officer
- **Nicole James** Chief People Officer
- **Patrick Blanc** Chief Technology Officer
- **Peter Butterfield** General Counsel & Chief Compliance Officer
- **Michael Massaro** Executive Officer, Director i

On the board, as filed i *Alex Finkelstein* *David Jegen* *Matthew Harris* *Philip Riese*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2010 **Series A** 2011 **Series C** 2013 **Series C** 2014 **Series D** 2015 **Series D** 2018 **Venture** 2020 **Round** 2023 [Spark Capital](https://millionrounds.com/fund/spark-capital) [QED Investors](https://millionrounds.com/fund/qed-investors) [Accel](https://millionrounds.com/fund/accel) [Maveron](https://millionrounds.com/fund/maveron) [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Kibo Ventures](https://millionrounds.com/fund/kibo-ventures) [Techstars](https://millionrounds.com/fund/techstars) [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) [Temasek Holdings](https://millionrounds.com/fund/temasek) [Elemental Impact](https://millionrounds.com/fund/elemental-impact)

## Everyone who backed them

[Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **5** rounds

[QED Investors](https://millionrounds.com/fund/qed-investors) VC firm **3** rounds

[Accel](https://millionrounds.com/fund/accel) VC firm **2** rounds

[Maveron](https://millionrounds.com/fund/maveron) VC firm **2** rounds

[F-Prime Capital](https://millionrounds.com/fund/f-prime) VC firm **2** rounds

[Kibo Ventures](https://millionrounds.com/fund/kibo-ventures) VC firm **2** rounds

[Techstars](https://millionrounds.com/fund/techstars) VC firm **1** round

[Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) VC firm **1** round

[Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round

[Elemental Impact](https://millionrounds.com/fund/elemental-impact) VC firm **1** round

[Boston Seed Capital](https://millionrounds.com/fund/boston-seed-capital) Angel network **1** round

[The Draper Richards Kaplan Foundation](https://millionrounds.com/fund/the-draper-richard) VC firm **1** round

[Keyhorse Capital](https://millionrounds.com/fund/keyhorse-capital) VC firm **1** round

[Roy Rodenstein](https://millionrounds.com/fund/roy-rodenstein) Angel **1** round

[Devonshire Investors](https://millionrounds.com/fund/devonshire-investors) Corporate VC **1** round

[Marek Fodor](https://millionrounds.com/fund/marek-fodor) Angel **1** round

[John Landry](https://millionrounds.com/fund/john-landry) Angel **1** round

[Jim Hornthal](https://millionrounds.com/fund/jim-hornthal) Angel **1** round

[Fides Finanz-Invest](https://millionrounds.com/fund/fides-finanz-invest) VC firm **1** round

[Reed Sturtevant](https://millionrounds.com/fund/reed-sturtevant) Angel **1** round

[500 Hats](https://millionrounds.com/fund/dave-mcclure) VC firm **1** round

Katie Rae no record of our own yet **1** round

Ken & Laura Morse no record of our own yet **1** round

Pablo Carrallo no record of our own yet **1** round

Raul Aznar no record of our own yet **1** round

Temasek/ Bain no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=flywire).

## Also claim to have backed them

These 3 firms list Flywire as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[JME Ventures](https://millionrounds.com/fund/jme-ventures) VC firm Per its own site

[LifeX Ventures](https://millionrounds.com/fund/lifex-ventures) VC firm Per its own site

[3SPOKE](https://millionrounds.com/fund/3spoke) Private credit Per its own site

## Quick answers about Flywire

### Who invested in Flywire?

Flywire's investors include Spark Capital, QED Investors, Accel, Maveron and F-Prime Capital, and 21 more on record.

### How much has Flywire raised?

Flywire has raised $403M across 8 rounds since 2010. One round did not disclose an amount, so the total is a floor.

### When did Flywire last raise?

Flywire's most recent round was an Undisclosed round of $260M in Aug 2023.

### What was Flywire's biggest round?

Its most recent round, $260M in Aug 2023, is also its largest on record.

### Who backed Flywire first?

Flywire's first round on record, in Oct 2010, was backed by Spark Capital, Roy Rodenstein and Marek Fodor and 8 others.

### What stage is Flywire at?

Flywire's latest named round is an Undisclosed round, in Aug 2023.

### Where is Flywire based?

Flywire is based in the United States.

## Companies like Flywire

In the same sector, and raised in the last eighteen months.

[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Coast** $77M · Oct 2026](https://millionrounds.com/company/coast)[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app
