Funding round
Citadel Securities Series D
Citadel Securities, which works in market-making services in Miami, raised $1.15B in a Series D round announced on 11 Jan 2022, led by Sequoia Capital, at a $22.00B post-money valuation. 2 firms took part.
$1.15B
Amount raised
$22.00B
Post-money valuation
$20.85B pre-money
2
Investors
1 lead
5.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Citadel Securities at $22.00B after the new money. The $1.15B bought investors about 5.2% of the company. It is Citadel Securities' first venture round on record, 20 years after it was founded in 2002. No later venture round is on record for Citadel Securities.
Citadel Securities' funding rounds
This is the only venture round on record for Citadel Securities.
- Series D this round 11 Jan 2022, led by Sequoia Capital $1.15B$22.00B post-money
Investors
Who put money in
Sequoia Capital led the round with 1 other firm.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Paradigm backs 82 venture-backed companies new investor
Joined the board: Alfred Lin (Sequoia Capital).
Comparable rounds
How it compares
6 Series D rounds in Financial Services within a year either side disclosed an amount; the median was $170M, and this round was 6.8 times the median. The closest in time, other companies' Series D rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Petal Financial Services | 5 Jan 2022 | $140M | $800M | Tarsadia |
| Financial Services | 1 Feb 2022 | $165M | not disclosed | Eldridge |
| DriveWealth Financial Services | 20 Aug 2021 | $450M | $2.85B | Insight Partners and Accel |
| Ualá Financial Services | 13 Aug 2021 | $350M | $2.45B | SoftBank Latin America Fund and Tencent |
| FalconX Financial Services | 22 Jun 2022 | $150M | $8.00B | GIC and B Capital |
| DailyPay Financial Services | 18 May 2021 | $175M | not disclosed | Carrick Capital Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Citadel Securities raise in its Series D round?
Citadel Securities raised $1.15B in its Series D round, announced in Jan 2022.
Who led Citadel Securities' Series D round?
Sequoia Capital led it, with Paradigm.
What was Citadel Securities' valuation at the Series D round?
$22.00B post-money ($20.85B pre-money).
How does it compare with other Series D rounds in Financial Services?
6 Series D rounds in Financial Services within a year either side disclosed an amount; the median was $170M, and this round was 6.8 times the median.