Funding round
Funecap Growth
Reported as "Growth Equity"
Funecap, which works in funeral and insurance services in Paris, raised $1.10B in a Growth round announced on 18 May 2024. 2 firms took part.
$1.10B
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Funecap did not disclose a valuation in this round. It is Funecap's first venture round on record, 14 years after it was founded in 2010. No later venture round is on record for Funecap.
Funecap's funding rounds
This is the only venture round on record for Funecap.
- Private Equity not a venture round 4 Mar 2021 amount not disclosed
- Growth this round 18 May 2024 $1.10B
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 2 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
The closest in time: 1 in Funeral Services & Cemeteries, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Funeral Services & Cemeteries | 19 Feb 2025 | $950K | not disclosed | not named |
| Anthropic Tech Companies | 22 May 2024 | $4.00B | not disclosed | not named |
| Verkor Batteries | 24 May 2024 | $1.40B | not disclosed | not named |
| Tech Companies | 7 May 2024 | $1.00B | $12.00B | Andreessen Horowitz and Lightspeed Venture Partners |
| Pine Gate Renewables Solar Energy Company | 3 May 2024 | $650M | not disclosed | not named |
| Motional Automobile Dealers & Manufacturers | 1 May 2024 | $475M | not disclosed | Hyundai Motor Group |
| SumUp Payment Processing & Point of Sale | 22 May 2024 | $307M | not disclosed | Sixth Street |
| Pharmaceutical Products | 1 May 2024 | $300M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Funecap raise in its Growth round?
Funecap raised $1.10B in its Growth round, announced in May 2024.
Which investors took part in Funecap's Growth round?
Charterhouse Capital Partners and Latour Capital.
What was Funecap's valuation at the Growth round?
It was not disclosed.