Funding round
Kapital Bank Series A
Kapital Bank, which works in corporate banking services in Mexico City, raised $24M in a Series A round announced on 1 May 2023. 21 firms took part. It is Kapital Bank's second venture round on record; the one before was a Seed in Apr 2022.
$24M
Amount raised
Not disclosed
Post-money valuation
21
Investors
no lead named
Valuation
What this round says about the price
Kapital Bank did not disclose a valuation in this round. It came 13 months after Kapital Bank's Seed. It is 6.1% of the $393M Kapital Bank has raised in the venture rounds on record. Kapital Bank raised again 7 months later: a Series B round of $125M in Dec 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 1 Apr 2022 $9.0M
- Series A this round 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
21 firms took part; no lead investor was named.
Investors
- 5Y Capital new investor
- 8VC new investor
- backs 44 venture-backed companies new investor
- backs 45 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 91 venture-backed companies new investor
- backs 56 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- Paradigm backs 82 venture-backed companies new investor
- backs 94 venture-backed companies new investor
- backs 327 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 60 venture-backed companies new investor
- S28 Capital new investor
- Sancus Ventures new investor
- Soma Capital backs 206 venture-backed companies new investor
- backs 96 venture-backed companies new investor
- Tribe Capital new investor
- Y Combinator backs 1,295 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Series A rounds in Banks & ATMs within a year either side disclosed an amount; the median was $18M, and this round was 1.3 times the median. The closest in time, other companies' Series A rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 24 May 2023 | $2.0M | not disclosed | BEENEXT |
| Banks & ATMs | 7 Jun 2023 | $14M | not disclosed | MassMutual Ventures |
| Banks & ATMs | 30 Oct 2023 | $121M | not disclosed | not named |
| Banks & ATMs | 31 Oct 2023 | $23M | not disclosed | TTV Capital |
| Banks & ATMs | 14 Nov 2023 | $15M | not disclosed | not named |
| Banks & ATMs | 18 Jul 2022 | $22M | not disclosed | Tiger Global and Archetype |
Questions
Frequently asked
How much did Kapital Bank raise in its Series A round?
Kapital Bank raised $24M in its Series A round, announced in May 2023.
Which investors took part in Kapital Bank's Series A round?
5Y Capital, 8VC, AIX Ventures, Atlantic Bridge, General Catalyst and Granite Asia and 15 more.
What was Kapital Bank's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Banks & ATMs?
6 Series A rounds in Banks & ATMs within a year either side disclosed an amount; the median was $18M, and this round was 1.3 times the median.
Did Kapital Bank raise again after this round?
Yes: a Series B round in Dec 2023 of $125M.