Funding round
Kiavi Series E
Kiavi, which works in real estate financing solutions in Pittsburgh, raised $75M in a Series E round announced on 1 Dec 2020, led by Benefit Street Partners, at a $405M post-money valuation. 5 firms took part. It is Kiavi's second venture round on record; the one before was a Series C in Oct 2017.
$75M
Amount raised
$405M
Post-money valuation
5
Investors
1 lead
19%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kiavi at $405M after the new money. The $75M bought investors about 19% of the company. It came 38 months after Kiavi's Series C. It is 57% of the $132M Kiavi has raised in the venture rounds on record. No later venture round is on record for Kiavi.
Kiavi's funding rounds
Kiavi has 2 venture rounds on record and 3 other deals. This one is highlighted.
- Series C 17 Oct 2017 $57M
- Series E this round 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
Benefit Street Partners led the round with 4 other firms.
Lead investor
- Benefit Street Partners new investor
Also in the round
- Foundation Capital backs 144 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- Renren new investor
- backs 212 venture-backed companies new investor
Comparable rounds
How it compares
8 Series E rounds in Loans & Financing within a year either side disclosed an amount; the median was $80M, and this round was close to the median. The closest in time, other companies' Series E rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Creditas Loans & Financing | 18 Dec 2020 | $255M | $1.75B | not named |
| Loans & Financing | 13 May 2021 | $45M | not disclosed | not named |
| Upgrade Loans & Financing | 11 Aug 2021 | $105M | $3.30B | Koch Disruptive Technologies |
| Konfío Loans & Financing | 29 Sep 2021 | $235M | $1.30B | Tarsadia Capital and QED Investors |
| Loans & Financing | 16 Sep 2021 | $50M | not disclosed | Altos Ventures |
| Loans & Financing | 20 Mar 2020 | $49M | not disclosed | not named |
| Tala Loans & Financing | 14 Oct 2021 | $145M | $800M | Upstart |
| Loans & Financing | 27 Feb 2020 | $55M | not disclosed | Mercato |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Kiavi raise in its Series E round?
Kiavi raised $75M in its Series E round, announced in Dec 2020.
Who led Kiavi's Series E round?
Benefit Street Partners led it, with Foundation Capital, Ribbit, Renren and First Round.
What was Kiavi's valuation at the Series E round?
$405M post-money.
How does it compare with other Series E rounds in Loans & Financing?
8 Series E rounds in Loans & Financing within a year either side disclosed an amount; the median was $80M, and this round was close to the median.