Funding round
Abound Growth
Reported as "Growth Equity"
Abound, which works in personalized lending solutions services in London, raised $54M in a Growth round announced on 18 Feb 2022, led by Salica Investments. 2 firms took part. It is Abound's first venture round on record.
$54M
Amount raised
40,000,000 GBP converted
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Abound did not disclose a valuation in this round. It is Abound's first venture round on record, 2 years after it was founded in 2020. It is 5.2% of the $1.05B Abound has raised in the venture rounds on record. Abound raised again 27 months later: a Series B round of $1.00B in May 2024.
Abound's funding rounds
Abound has 2 venture rounds on record and 3 other deals. This one is highlighted.
- Debt not a venture round 15 Apr 2021 $44M
- Growth this round 18 Feb 2022, led by Salica Investments $54M
- Debt not a venture round 6 Mar 2023, led by K3 Ventures, GSR Ventures and Salica Investments $600M
- Series B 7 May 2024, led by GSR Ventures $1.00B
- Debt not a venture round 27 Mar 2025 $323M
Investors
Who put money in
Salica Investments led the round with 1 other firm.
Lead investor
- backs 50 venture-backed companies
Also in the round
- Varengold Bank new investor
Comparable rounds
How it compares
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $90M, and this round was 61% of the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| C2FO Loans & Financing | 1 Feb 2022 | $140M | not disclosed | Third Point Ventures |
| Loans & Financing | 15 Feb 2022 | $100M | not disclosed | Siam Commercial Bank |
| Hometap Loans & Financing | 25 Jan 2022 | $245M | not disclosed | not named |
| Knock Loans & Financing | 15 Mar 2022 | $220M | not disclosed | Foundry |
| Loans & Financing | 6 Jan 2022 | $128M | not disclosed | not named |
| Loans & Financing | 24 Jan 2022 | $78M | not disclosed | Autotech Ventures and Clear Haven Capital Management |
| DMI Finance Loans & Financing | 11 Jan 2022 | $47M | not disclosed | Sumitomo Mitsui Trust Bank Limited |
| Loans & Financing | 11 Jan 2022 | $34M | $634M | Lightbox |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Abound raise in its Growth round?
Abound raised $54M in its Growth round, announced in Feb 2022.
Who led Abound's Growth round?
Salica Investments led it, with Varengold Bank.
What was Abound's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $90M, and this round was 61% of the median.
Did Abound raise again after this round?
Yes: a Series B round in May 2024 of $1.00B.