Funding round
Cross River Series C
Cross River, which works in API-Driven banking infrastructure development in Teaneck, raised $100M in a Series C round announced on 27 Apr 2020. 2 firms took part. It is Cross River's second venture round on record; the one before was a Growth in Dec 2018.
$100M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Cross River did not disclose a valuation in this round. It came 16 months after Cross River's Growth. It is 11% of the $870M Cross River has raised in the venture rounds on record. Cross River raised again 23 months later: a Growth round of $620M in Mar 2022, at $3.00B post-money.
Cross River's funding rounds
Cross River has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- V Capital new investor
- new investor
Comparable rounds
How it compares
7 Series C rounds in Banks & ATMs within a year either side disclosed an amount; the median was $100M, and this round was close to the median. The closest in time, other companies' Series C rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solaris Banks & ATMs | 30 Jun 2020 | $67M | $360M | HV Capital |
| WeLab Banks & ATMs | 12 Dec 2019 | $156M | not disclosed | Alibaba Entrepreneurs Fund and China Construction Bank International |
| Banks & ATMs | 23 Oct 2020 | $47M | not disclosed | not named |
| Current Banks & ATMs | 24 Nov 2020 | $131M | $750M | Tiger Global |
| Varo Banks & ATMs | 16 Jul 2019 | $100M | not disclosed | Warburg Pincus and TPG |
| Banks & ATMs | 8 Mar 2021 | $75M | not disclosed | Allianz X |
| Banks & ATMs | 27 Apr 2021 | $100M | not disclosed | General Catalyst |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Cross River raise in its Series C round?
Cross River raised $100M in its Series C round, announced in Apr 2020.
Which investors took part in Cross River's Series C round?
V Capital and Shefa Capital.
What was Cross River's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Banks & ATMs?
7 Series C rounds in Banks & ATMs within a year either side disclosed an amount; the median was $100M, and this round was close to the median.
Did Cross River raise again after this round?
Yes: a Growth round in Mar 2022 of $620M at $3.00B post-money.