Funding round
Kapital Bank Seed
Kapital Bank, which works in corporate banking services in Mexico City, raised $9.0M in a Seed round announced on 1 Apr 2022. 15 firms took part. It is Kapital Bank's first venture round on record.
$9.0M
Amount raised
Not disclosed
Post-money valuation
15
Investors
no lead named
Valuation
What this round says about the price
Kapital Bank did not disclose a valuation in this round. It is Kapital Bank's first venture round on record, 4 years after it was founded in 2018. It is 2.3% of the $393M Kapital Bank has raised in the venture rounds on record. Kapital Bank raised again 13 months later: a Series A round of $24M in May 2023. Its next priced round, a Series C in Sep 2025, valued it at $1.30B.
Kapital Bank's funding rounds
Kapital Bank has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 1 Apr 2022 $9.0M
- Series A 1 May 2023 $24M
- Debt not a venture round 25 May 2023, led by Niya Partners and Tribe Capital $65M
- Series B 14 Dec 2023 $125M
- Series C 1 Sep 2025, led by Tribe Capital and Pelion Venture Partners $110M$1.30B post-money
- Series C 9 Sep 2026, led by Tru Arrow Partners $125M
Investors
Who put money in
15 firms took part; no lead investor was named.
Investors
- 5Y Capital new investor
- backs 20 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- Paradigm backs 82 venture-backed companies new investor
- backs 94 venture-backed companies new investor
- backs 60 venture-backed companies new investor
- S28 Capital new investor
- Soma Capital backs 206 venture-backed companies new investor
- backs 96 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- Trajectory Ventures new investor
- Tribe Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
8 Seed rounds in Banks & ATMs within a year either side disclosed an amount; the median was $4.3M, and this round was 2.1 times the median. The closest in time, other companies' Seed rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 18 Feb 2022 | $2.9M | not disclosed | Saison Capital |
| Banks & ATMs | 26 Jul 2022 | $21M | not disclosed | Viola Ventures and Salesforce Ventures |
| Banks & ATMs | 1 Jul 2022 | $3.0M | not disclosed | not named |
| Banks & ATMs | 18 Aug 2022 | $7.0M | not disclosed | FirstMark and Mayfield |
| Banks & ATMs | 31 Dec 2021 | $4.0M | not disclosed | HOF Capital |
| Banks & ATMs | 8 Nov 2021 | $5.0M | not disclosed | Coinbase Ventures and Gemini Frontier Fund |
| Banks & ATMs | 14 Oct 2021 | $3.1M | not disclosed | Leadway Assurance and Trium |
| Banks & ATMs | 14 Feb 2023 | $4.5M | not disclosed | Costanoa |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Kapital Bank raise in its Seed round?
Kapital Bank raised $9.0M in its Seed round, announced in Apr 2022.
Which investors took part in Kapital Bank's Seed round?
5Y Capital, Broom Ventures, General Catalyst, Granite Asia, Infinite Capital and Infinity Ventures Crypto and 9 more.
What was Kapital Bank's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Banks & ATMs?
8 Seed rounds in Banks & ATMs within a year either side disclosed an amount; the median was $4.3M, and this round was 2.1 times the median.
Did Kapital Bank raise again after this round?
Yes: a Series A round in May 2023 of $24M.