Funding round
Funding Societies Growth
Reported as "Growth Equity"
Funding Societies, which works in SME digital financing solutions in Singapore, raised $25M in a Growth round announced on 30 Dec 2024. 1 firm took part. It is Funding Societies' fourth venture round on record; the one before was a Series C in Feb 2022.
$25M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Funding Societies did not disclose a valuation in this round. It came 34 months after Funding Societies' Series C. It is 7.1% of the $351M Funding Societies has raised in the venture rounds on record. No later venture round is on record for Funding Societies.
Funding Societies' funding rounds
Funding Societies has 4 venture rounds on record and 4 other deals. This one is highlighted.
- Series A 11 Aug 2016, led by Sequoia India $7.5M
- Series B 18 Apr 2018, led by SoftBank Ventures Asia $25M
- Debt not a venture round 7 Oct 2021, led by Helicap and Social Impact Debt Fund $18M
- Series C 16 Feb 2022, led by SoftBank Vision Fund $294M
- Debt not a venture round 22 Aug 2022 $50M
- Debt not a venture round 26 Sep 2023, led by AlteriQ Global $27M
- Debt not a venture round 6 Nov 2024 $100M
- Growth this round 30 Dec 2024 $25M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Cool Japan Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
39 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $62M, and this round was 40% of the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 31 Dec 2024 | $230M | not disclosed | not named |
| Loans & Financing | 12 Dec 2024 | $144M | not disclosed | not named |
| Prodigy Finance Loans & Financing | 8 Nov 2024 | $310M | not disclosed | not named |
| Loans & Financing | 15 Nov 2024 | $86M | not disclosed | not named |
| Loans & Financing | 25 Nov 2024 | $75M | not disclosed | not named |
| Loans & Financing | 30 Jan 2025 | $25M | not disclosed | Trinity Capital Inc. |
| ClarityPay Loans & Financing | 6 Feb 2025 | $1.00B | not disclosed | not named |
| Loans & Financing | 15 Oct 2024 | $184M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Funding Societies raise in its Growth round?
Funding Societies raised $25M in its Growth round, announced in Dec 2024.
Which investors took part in Funding Societies' Growth round?
Cool Japan Fund.
What was Funding Societies' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
39 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $62M, and this round was 40% of the median.