Funding round
Creditas Series E
Creditas, which works in digital lending services in Pereiras, raised $255M in a Series E round announced on 18 Dec 2020, at a $1.75B post-money valuation. 21 firms took part, 5 of them already investors, with 5 individual investors. It is Creditas' fifth venture round on record; the one before was a Series D in Jul 2019.
$255M
Amount raised
$1.75B
Post-money valuation
$1.50B pre-money
21
Investors
no lead named
2.3x
Step-up from the Series D
$750M in Jul 2019
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Creditas at $1.75B after the new money, 2.3 times the $750M of its Series D (Jul 2019). The $255M bought investors about 15% of the company. It came 17 months after Creditas' Series D. It is 23% of the $1.12B Creditas has raised in the venture rounds on record. Creditas raised again 13 months later: a Series F round of $260M in Jan 2022, at $4.80B post-money.
Creditas' funding rounds
Creditas has 8 venture rounds on record. This one is highlighted.
- Seed 1 Oct 2013 $1.4M
- Series B 1 Feb 2017, led by International Finance Corporation $19M
- Series C 11 Dec 2017, led by VEF $50M
- Series D 10 Jul 2019, led by SoftBank Vision Fund, SoftBank Latin America Fund and SoftBank Group $231M$750M post-money
- Series E this round 18 Dec 2020 $255M$1.75B post-money
- Series F 25 Jan 2022, led by Fidelity Management and Research Company $260M$4.80B post-money
- Growth 8 Jul 2022 $200M$700M post-money
- Series G 1 Dec 2025, led by Andbank Group $108M$3.30B post-money
Investors
Who put money in
21 firms took part; no lead investor was named.
Investors
- LGT Lightstone new investor
- Tarsadia Capital new investor
- Wellington Management new investor
- backs 163 venture-backed companies new investor
- Advent International backs 36 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- SoftBank Latin America Fund existing investor
- backs 12 venture-backed companies existing investor
- Kaszek backs 85 venture-backed companies existing investor
- backs 65 venture-backed companies existing investor
- Lightrock backs 62 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- Endeavor backs 236 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- backs 39 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
- backs 72 venture-backed companies new investor
- backs 36 venture-backed companies new investor
- backs 21 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- Upload Ventures new investor
Individual investors: Mathias Schilling, Brian Sugar, PAT Burtis, Paulo Passoni and Dave Nangle. Joined the board: Marcos Wilson Pereira (LGT Lightstone).
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 and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Series E rounds in Loans & Financing within a year either side disclosed an amount; the median was $65M, and this round was 3.9 times the median. The closest in time, other companies' Series E rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Kiavi Loans & Financing | 1 Dec 2020 | $75M | $405M | Benefit Street Partners |
| Loans & Financing | 13 May 2021 | $45M | not disclosed | not named |
| Upgrade Loans & Financing | 11 Aug 2021 | $105M | $3.30B | Koch Disruptive Technologies |
| Konfío Loans & Financing | 29 Sep 2021 | $235M | $1.30B | Tarsadia Capital and QED Investors |
| Loans & Financing | 16 Sep 2021 | $50M | not disclosed | Altos Ventures |
| Loans & Financing | 20 Mar 2020 | $49M | not disclosed | not named |
| Tala Loans & Financing | 14 Oct 2021 | $145M | $800M | Upstart |
| Loans & Financing | 27 Feb 2020 | $55M | not disclosed | Mercato |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Creditas raise in its Series E round?
Creditas raised $255M in its Series E round, announced in Dec 2020.
Which investors took part in Creditas' Series E round?
LGT Lightstone, Tarsadia Capital, Wellington Management, Headline, Advent International and SoftBank Vision Fund and 15 more.
What was Creditas' valuation at the Series E round?
$1.75B post-money ($1.50B pre-money).
How does it compare with other Series E rounds in Loans & Financing?
8 Series E rounds in Loans & Financing within a year either side disclosed an amount; the median was $65M, and this round was 3.9 times the median.
Did Creditas raise again after this round?
Yes: a Series F round in Jan 2022 of $260M at $4.80B post-money.