Funding round
Current Series B
Current, which works in mobile banking platform development in New York, raised $20M in a Series B round announced on 24 Oct 2019. 6 firms took part. It is Current's third venture round on record; the one before was a Series A in Oct 2017.
$20M
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
Current did not disclose a valuation in this round. It came 24 months after Current's Series A. It is 3.0% of the $675M Current has raised in the venture rounds on record. Current raised again 13 months later: a Series C round of $131M in Nov 2020, at $750M post-money.
Current's funding rounds
Current has 7 venture rounds on record. This one is highlighted.
- Seed 1 Mar 2017 $3.6M
- Series A 1 Oct 2017 $20M
- Series B this round 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
6 firms took part; no lead investor was named.
Investors
- Wellington Management Company new investor
- Galaxy backs 113 venture-backed companies new investor
- CMFG Ventures new investor
- QED Investors backs 160 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- backs 8 venture-backed companies new investor
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 7 Oct 2019 | $54M | not disclosed | SBI Holdings and Augmentum Fintech |
| Banks & ATMs | 3 Apr 2020 | $22M | not disclosed | SEED Capital |
| Banks & ATMs | 1 May 2020 | $15M | not disclosed | OMERS Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Current raise in its Series B round?
Current raised $20M in its Series B round, announced in Oct 2019.
Which investors took part in Current's Series B round?
Wellington Management Company, Galaxy, CMFG Ventures, QED Investors, Expa and Elizabeth Street Ventures.
What was Current's valuation at the Series B round?
It was not disclosed.
Did Current raise again after this round?
Yes: a Series C round in Nov 2020 of $131M at $750M post-money.