Funding round
Kapital Bank Series B
Kapital Bank, which works in corporate banking services in Mexico City, raised $125M in a Series B round announced on 14 Dec 2023. 4 firms took part. It is Kapital Bank's third venture round on record; the one before was a Series A in May 2023.
$125M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Kapital Bank did not disclose a valuation in this round. It came 7 months after Kapital Bank's Series A. It is 32% of the $393M Kapital Bank has raised in the venture rounds on record. Kapital Bank raised again 21 months later: a Series C round of $110M in Sep 2025, at $1.30B post-money.
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 1 May 2023 $24M
- Debt not a venture round 25 May 2023, led by Niya Partners and Tribe Capital $65M
- Series B this round 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
4 firms took part; no lead investor was named.
Investors
- Cervin Ventures new investor
- Tru Arrow new investor
- backs 56 venture-backed companies new investor
- Alumni Ventures 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
5 Series B rounds in Banks & ATMs within a year either side disclosed an amount; the median was $32M, and this round was 3.9 times the median. The closest in time, other companies' Series B rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 9 Nov 2023 | $50M | not disclosed | not named |
| Banks & ATMs | 21 Feb 2024 | $32M | not disclosed | not named |
| Banks & ATMs | 19 Jul 2023 | $70M | not disclosed | SignalFire and TriplePoint Capital |
| Banks & ATMs | 30 May 2024 | $32M | not disclosed | Bain Capital Ventures |
| Banks & ATMs | 23 Jul 2024 | $21M | not disclosed | Eurobank |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Kapital Bank raise in its Series B round?
Kapital Bank raised $125M in its Series B round, announced in Dec 2023.
Which investors took part in Kapital Bank's Series B round?
Cervin Ventures, Tru Arrow, MS&AD Ventures and Alumni Ventures.
What was Kapital Bank's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Banks & ATMs?
5 Series B rounds in Banks & ATMs within a year either side disclosed an amount; the median was $32M, and this round was 3.9 times the median.
Did Kapital Bank raise again after this round?
Yes: a Series C round in Sep 2025 of $110M at $1.30B post-money.