Funding round
Current Series E
Current, which works in mobile banking platform development in New York, raised $80M in a Series E round announced on 11 Jun 2026, led by Springcoast Capital Partners, at a $1.50B post-money valuation. 8 firms took part, 7 of them already investors. It is Current's seventh venture round on record; the one before was a Growth in Dec 2024.
$80M
Amount raised
$1.50B
Post-money valuation
$1.42B pre-money
8
Investors
1 lead
0.7x
Step-up from the Series D
$2.20B in Apr 2021
5.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Current at $1.50B after the new money, 0.7 times the $2.20B of its Series D (Apr 2021). The $80M bought investors about 5.3% of the company. It came 18 months after Current's Growth. It is 12% of the $675M Current has raised in the venture rounds on record. No later venture round is on record for Current.
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 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 this round 11 Jun 2026, led by Springcoast Capital Partners $80M$1.50B post-money
Investors
Who put money in
Springcoast Capital Partners led the round with 7 other firms. Andreessen Horowitz, Tiger Global, Avenir and Foundation Capital and 3 more had backed Current before.
Lead investor
- backs 7 venture-backed companies new investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- backs 42 venture-backed companies existing investor
- Foundation Capital backs 144 venture-backed companies existing investor
- Wellington Management existing investor
- Sapphire Ventures backs 148 venture-backed companies existing investor
- QED Investors backs 160 venture-backed companies existing investor
Joined the board: Chris Dederick (Springcoast Partners), Holger Staude (Springcoast Partners) and Grant Wentworth (Springcoast Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mortgage Brokers | 10 Jun 2026 | $217M | $1.06B | La Caisse and Fidelity Investments Canada |
| Loans & Financing | 10 Jun 2026 | $217M | $1.06B | not named |
| Element Biosciences Biotechnology | 9 Jun 2026 | $175M | not disclosed | Samsung Electronics |
| Medical Supply Manufacturers | 9 Jun 2026 | $100M | not disclosed | Viking Global |
| Sports & Leisure - Clubs, Fields & Pitches | 30 Jun 2026 | $100M | not disclosed | Ares Management and Mucker Capital |
| Payment Processing & Point of Sale | 26 Jun 2026 | $20M | $3.02B | not named |
| Flutterwave Payment Processing & Point of Sale | 16 Jun 2026 | undisclosed | $3.20B | not named |
| Helsing Aerospace and Defence | 13 Jul 2026 | $1.80B | $18.00B | Thrive Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Current raise in its Series E round?
Current raised $80M in its Series E round, announced in Jun 2026.
Who led Current's Series E round?
Springcoast Capital Partners led it, with Andreessen Horowitz, Tiger Global, Avenir, Foundation Capital and Wellington Management and 2 more.
What was Current's valuation at the Series E round?
$1.50B post-money ($1.42B pre-money).