Funding round
FintechOS Series A
FintechOS, which works in financial product management platform development in Bucharest, raised $14M in a Series A round announced on 10 Dec 2019, led by Earlybird and OTB Ventures. 4 firms took part. It is FintechOS' first venture round on record.
$14M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
FintechOS did not disclose a valuation in this round. It is FintechOS' first venture round on record, 2 years after it was founded in 2017. It is 14% of the $102M FintechOS has raised in the venture rounds on record. FintechOS raised again 16 months later: a Series B round of $60M in Apr 2021.
Investors
Who put money in
Earlybird and OTB Ventures led the round with 2 other firms.
Lead investors
- backs 111 venture-backed companies new investor
- OTB Ventures backs 27 venture-backed companies new investor
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
1,021 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 1.6 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 5 Dec 2019 | $60M | $1.30B | Benchmark |
| Tech Companies | 10 Dec 2019 | $26M | not disclosed | Scale Venture Partners |
| Tech Companies | 12 Dec 2019 | $25M | not disclosed | Intel Capital |
| Tech Companies | 19 Dec 2019 | $21M | not disclosed | Andreessen Horowitz |
| Tech Companies | 20 Dec 2019 | $20M | not disclosed | Multiples |
| Tech Companies | 19 Dec 2019 | $15M | not disclosed | Vertex Ventures and M12 |
| Tech Companies | 4 Dec 2019 | $15M | not disclosed | Oak HC/FT |
| Tech Companies | 5 Dec 2019 | $13M | not disclosed | Vertex Ventures and Costanoa |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did FintechOS raise in its Series A round?
FintechOS raised $14M in its Series A round, announced in Dec 2019.
Who led FintechOS' Series A round?
Earlybird and OTB Ventures led it, with GapMinder and LAUNCHub.
What was FintechOS' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,021 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 1.6 times the median.
Did FintechOS raise again after this round?
Yes: a Series B round in Apr 2021 of $60M.