Funding round
BCB Group Series A
BCB Group, which works in digital asset infrastructure solutions in London, raised $60M in a Series A round announced on 24 Jan 2022, led by Foundation Capital and Backed.VC. 17 firms took part. It is BCB Group's second venture round on record; the one before was a Seed in Mar 2019.
$60M
Amount raised
Not disclosed
Post-money valuation
17
Investors
2 leads
Valuation
What this round says about the price
BCB Group did not disclose a valuation in this round. It came 34 months after BCB Group's Seed. It is 98% of the $61M BCB Group has raised in the venture rounds on record. No later venture round is on record for BCB Group.
BCB Group's funding rounds
BCB Group has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Mar 2019, led by NKB Finance $1.0M
- Other not a venture round 2 Mar 2021, led by North Island Ventures and Blockchain.com Ventures $4.5M
- Series A this round 24 Jan 2022, led by Foundation Capital and Backed.VC $60M
Investors
Who put money in
Foundation Capital and Backed.VC led the round with 15 other firms.
Lead investors
- Foundation Capital backs 144 venture-backed companies new investor
- backs 34 venture-backed companies new investor
Also in the round
- backs 86 venture-backed companies new investor
- backs 99 venture-backed companies new investor
- Blockchain.com new investor
- backs 8 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- Cowa Ventures new investor
- Nexo new investor
- LAUNCHub backs 36 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 52 venture-backed companies new investor
- PayU new investor
- backs 25 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- Profluent Ventures new investor
- backs 7 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
119 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $15M, and this round was 4.0 times the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 1 Jan 2022 | $38M | not disclosed | not named |
| Payment Processing & Point of Sale | 19 Jan 2022 | $33M | not disclosed | Sequoia Capital India |
| Payment Processing & Point of Sale | 14 Jan 2022 | $25M | not disclosed | Tiger Global |
| Payment Processing & Point of Sale | 6 Jan 2022 | $25M | not disclosed | Bessemer Venture Partners and Tiger Global |
| Payment Processing & Point of Sale | 13 Jan 2022 | $15M | not disclosed | Addition and Shine Capital |
| Payment Processing & Point of Sale | 13 Jan 2022 | $15M | $115M | March Capital |
| Payment Processing & Point of Sale | 27 Jan 2022 | $3.1M | not disclosed | Nurture Investment Management |
| Payment Processing & Point of Sale | 29 Jan 2022 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did BCB Group raise in its Series A round?
BCB Group raised $60M in its Series A round, announced in Jan 2022.
Who led BCB Group's Series A round?
Foundation Capital and Backed.VC led it, with Digital Currency Group, Pantera, Blockchain.com, Circle Venture Capital and RockawayX and 10 more.
What was BCB Group's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
119 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $15M, and this round was 4.0 times the median.