Funding round
Current Series A
Current, which works in mobile banking platform development in New York, raised $20M in a Series A round announced on 1 Oct 2017. 8 firms took part. It is Current's second venture round on record; the one before was a Seed in Mar 2017.
$20M
Amount raised
Not disclosed
Post-money valuation
8
Investors
no lead named
Valuation
What this round says about the price
Current did not disclose a valuation in this round. It came 7 months after Current's Seed. It is 3.0% of the $675M Current has raised in the venture rounds on record. Current raised again 24 months later: a Series B round of $20M in Oct 2019. Its next priced round, a Series C in Nov 2020, valued it at $750M.
Current's funding rounds
Current has 7 venture rounds on record. This one is highlighted.
- Seed 1 Mar 2017 $3.6M
- Series A this round 1 Oct 2017 $20M
- Series B 24 Oct 2019 $20M
- Series C 24 Nov 2020, led by Tiger Global $131M$750M post-money
- Series D 27 Apr 2021, led by Andreessen Horowitz $220M$2.20B post-money
- Growth 13 Dec 2024 $200M
- Series E 11 Jun 2026, led by Springcoast Capital Partners $80M$1.50B post-money
Investors
Who put money in
8 firms took part; no lead investor was named.
Investors
- Fifth Third Capital
- backs 25 venture-backed companies
- backs 68 venture-backed companies
- AAF Management Ltd.
- QED Investors backs 160 venture-backed companies
- backs 8 venture-backed companies
- backs 46 venture-backed companies
- backs 71 venture-backed companies
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 4 Jul 2017 | $14M | not disclosed | Anthemis and Creandum |
| Solaris Banks & ATMs | 15 Mar 2017 | $28M | not disclosed | not named |
| Banks & ATMs | 3 Jan 2017 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Current raise in its Series A round?
Current raised $20M in its Series A round, announced in Oct 2017.
Which investors took part in Current's Series A round?
Fifth Third Capital, Human Ventures, Cota Capital, AAF Management Ltd., QED Investors and Elizabeth Street Ventures and 2 more.
What was Current's valuation at the Series A round?
It was not disclosed.
Did Current raise again after this round?
Yes: a Series B round in Oct 2019 of $20M.