Funding round
Kapital Bank Series C
Kapital Bank, which works in corporate banking services in Mexico City, raised $110M in a Series C round announced on 1 Sep 2025, led by Tribe Capital and Pelion Venture Partners, at a $1.30B post-money valuation. 17 firms took part. It is Kapital Bank's fourth venture round on record; the one before was a Series B in Dec 2023.
$110M
Amount raised
$1.30B
Post-money valuation
$1.19B pre-money
17
Investors
2 leads
8.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kapital Bank at $1.30B after the new money. The $110M bought investors about 8.5% of the company. It came 21 months after Kapital Bank's Series B. It is 28% of the $393M Kapital Bank has raised in the venture rounds on record. Kapital Bank raised again 12 months later: a Series C round of $125M in Sep 2026.
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 14 Dec 2023 $125M
- Series C this round 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
Tribe Capital and Pelion Venture Partners led the round with 15 other firms.
Lead investors
- backs 69 venture-backed companies new investor
- Pelion Venture Partners new investor
Also in the round
- Alumni Ventures new investor
- Y Combinator backs 1,295 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- Tru Arrow Partners new investor
- 5Y Capital 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
- Paradigm backs 82 venture-backed companies new investor
- backs 94 venture-backed companies new investor
- backs 60 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- Soma Capital backs 206 venture-backed companies new investor
- backs 96 venture-backed companies new investor
- Testmunk 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 C rounds in Banks & ATMs within a year either side disclosed an amount; the median was $105M, and this round was close to the median. The closest in time, other companies' Series C rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 22 Sep 2025 | $120M | $1.50B | TPG |
| Banks & ATMs | 5 Dec 2025 | $12M | not disclosed | not named |
| Mercury Banks & ATMs | 25 Mar 2025 | $300M | $3.50B | Sequoia Capital |
| Banks & ATMs | 16 Apr 2026 | $100M | $1.40B | Ribbit and Khosla Ventures |
| Banks & ATMs | 16 Dec 2024 | $29M | not disclosed | Upfront Ventures |
| Banks & ATMs | 29 Oct 2024 | $110M | $1.00B | Development Partners International |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Kapital Bank raise in its Series C round?
Kapital Bank raised $110M in its Series C round, announced in Sep 2025.
Who led Kapital Bank's Series C round?
Tribe Capital and Pelion Venture Partners led it, with Alumni Ventures, Y Combinator, Marbruck Investments, Tru Arrow Partners and 5Y Capital and 10 more.
What was Kapital Bank's valuation at the Series C round?
$1.30B post-money ($1.19B pre-money).
How does it compare with other Series C rounds in Banks & ATMs?
6 Series C rounds in Banks & ATMs within a year either side disclosed an amount; the median was $105M, and this round was close to the median.
Did Kapital Bank raise again after this round?
Yes: a Series C round in Sep 2026 of $125M.