Funding round
Fundbox Series D
Fundbox, which works in embedded working capital solutions in Plano, raised $100M in a Series D round announced on 30 Nov 2021, led by Healthcare of Ontario Pension Plan (HOOPP), at a $1.10B post-money valuation. 7 firms took part. It is Fundbox's fifth venture round on record; the one before was a Series C in Sep 2019.
$100M
Amount raised
$1.10B
Post-money valuation
$1.00B pre-money
7
Investors
1 lead
9.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fundbox at $1.10B after the new money. The $100M bought investors about 9.1% of the company. It came 26 months after Fundbox's Series C. It is 26% of the $384M Fundbox has raised in the venture rounds on record. No later venture round is on record for Fundbox.
Fundbox's funding rounds
Fundbox has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 10 Apr 2014, led by Khosla Ventures $18M
- Series B 19 Mar 2015, led by General Catalyst $40M
- Growth 10 Sep 2015, led by Spark Capital $50M
- Series C 24 Sep 2019, led by Allianz X, Healthcare of Ontario Pension Plan and HarbourVest $176M
- Debt not a venture round 25 Sep 2019 $150M
- Series D this round 30 Nov 2021, led by Healthcare of Ontario Pension Plan (HOOPP) $100M$1.10B post-money
Investors
Who put money in
Healthcare of Ontario Pension Plan (HOOPP) led the round with 6 other firms.
Lead investor
- Healthcare of Ontario Pension Plan (HOOPP) new investor
Also in the round
- Allianz X backs 23 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- Arbor Waypoint Select Fund new investor
- BNY Mellon funds managed by Newton Investment Management North America new investor
- Synchrony new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
9 Series D rounds in Loans & Financing within a year either side disclosed an amount; the median was $80M, and this round was 1.3 times the median. The closest in time, other companies' Series D rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 22 Sep 2021 | $400M | $2.00B | SoftBank Vision Fund and Warburg Pincus |
| Octane Loans & Financing | 5 Aug 2021 | $52M | $900M | Progressive Investment Company, Inc. and Valar Ventures |
| Loans & Financing | 1 Jun 2021 | $165M | not disclosed | not named |
| Sunbit Loans & Financing | 20 May 2021 | $130M | $1.10B | Group 11 |
| Loans & Financing | 30 Aug 2022 | $110M | $300M | TPG and Norwest |
| Loans & Financing | 3 Oct 2022 | $80M | $855M | Sway Capital |
| Gojo Loans & Financing | 17 Dec 2020 | $68M | not disclosed | not named |
| Loans & Financing | 17 Dec 2020 | $27M | not disclosed | Legal & General and Experian |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Fundbox raise in its Series D round?
Fundbox raised $100M in its Series D round, announced in Nov 2021.
Who led Fundbox's Series D round?
Healthcare of Ontario Pension Plan (HOOPP) led it, with Allianz X, Khosla Ventures, The Private Shares Fund, Arbor Waypoint Select Fund and BNY Mellon funds managed by Newton Investment Management North America and 1 more.
What was Fundbox's valuation at the Series D round?
$1.10B post-money ($1.00B pre-money).
How does it compare with other Series D rounds in Loans & Financing?
9 Series D rounds in Loans & Financing within a year either side disclosed an amount; the median was $80M, and this round was 1.3 times the median.