Vay Technology GmbH announced that it has received €84 million in a round of funding co-led by new investors Kinnevik AB, Coatue Management, L.L.C., and Eurazeo SE on December 10, 2021. The transaction included participation from returning investors Creandum AB, La Famiglia GmbH, Atomico Investment Holdings Limited as well as Project A Ventures GmbH & Co. KG, signals Venture Capital, Visionaries Club GmbH, Patrick Pichette and Cristina Stenbeck.

Kinnevik AB participated for $23 million (€20.33) in the transaction. The company has raised €128 in funding till date.