Funding round
Kiavi Series C
Kiavi, which works in real estate financing solutions in Pittsburgh, raised $57M in a Series C round announced on 17 Oct 2017. 4 firms took part. It is Kiavi's first venture round on record.
$57M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Kiavi did not disclose a valuation in this round. It is Kiavi's first venture round on record, 4 years after it was founded in 2013. It is 43% of the $132M Kiavi has raised in the venture rounds on record. Kiavi raised again 38 months later: a Series E round of $75M in Dec 2020, at $405M post-money.
Kiavi's funding rounds
Kiavi has 2 venture rounds on record and 3 other deals. This one is highlighted.
- Series C this round 17 Oct 2017 $57M
- Series E 1 Dec 2020, led by Benefit Street Partners $75M$405M post-money
- Debt not a venture round 22 Jun 2022 $218M
- Debt not a venture round 26 Feb 2024 $350M
- Debt not a venture round 26 Aug 2025 $400M
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Sberbank new investor
- Noah Holdings Limited new investor
- backs 33 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
12 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $31M, and this round was 1.8 times the median. The closest in time, other companies' Series C rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 6 Nov 2017 | $15M | not disclosed | not named |
| Creditas Loans & Financing | 11 Dec 2017 | $50M | not disclosed | VEF |
| Prodigy Finance Loans & Financing | 21 Aug 2017 | $40M | not disclosed | Index Ventures |
| Loans & Financing | 20 Jul 2017 | $13M | not disclosed | North Atlantic Capital |
| Tala Loans & Financing | 17 Apr 2018 | $50M | not disclosed | Revolution |
| Konfío Loans & Financing | 18 Jun 2018 | $25M | not disclosed | VEF |
| Loans & Financing | 11 Jun 2018 | $22M | not disclosed | CapitalG |
| Loans & Financing | 30 Jul 2018 | $28M | not disclosed | Experian |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Kiavi raise in its Series C round?
Kiavi raised $57M in its Series C round, announced in Oct 2017.
Which investors took part in Kiavi's Series C round?
Sberbank, Noah Holdings Limited, Ballistic Ventures and Sapphire Ventures.
What was Kiavi's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Loans & Financing?
12 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $31M, and this round was 1.8 times the median.
Did Kiavi raise again after this round?
Yes: a Series E round in Dec 2020 of $75M at $405M post-money.