Funding round
Klar Seed
Klar, which works in financial and education services in Mexico City, raised $58M in a Seed round announced on 25 Sep 2019, led by Quona Capital. 7 firms took part. It is Klar's first venture round on record.
$58M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Klar did not disclose a valuation in this round. It is Klar's first venture round on record, in the year it was founded (2019). It is 16% of the $360M Klar has raised in the venture rounds on record. Klar raised again: a Seed round of $7.5M in Sep 2019. Its next priced round, a Series C in Jun 2025, valued it at $800M.
Klar's funding rounds
Klar has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 25 Sep 2019, led by Quona Capital $58M
- Seed 26 Sep 2019, led by Quona Capital $7.5M
- Series A 21 Oct 2020, led by Prosus Ventures $15M
- Series B 20 Jul 2021, led by General Atlantic amount not disclosed
- Growth 9 Jun 2022, led by General Atlantic $90M
- Debt not a venture round 16 Aug 2023, led by Victory Park Capital $100M
- Series C 30 Jun 2025, led by General Atlantic $190M$800M post-money
Investors
Who put money in
Quona Capital led the round with 6 other firms.
Lead investor
- backs 72 venture-backed companies new investor
Also in the round
- backs 39 venture-backed companies new investor
- backs 97 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- FJ Labs backs 316 venture-backed companies new investor
- backs 83 venture-backed companies new investor
- Arc Labs new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
25 Seed rounds in Loans & Financing within a year either side disclosed an amount; the median was $2.0M, and this round was 29 times the median. The closest in time, other companies' Seed rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 19 Sep 2019 | undisclosed | not disclosed | not named |
| Loans & Financing | 22 Oct 2019 | $2.5M | not disclosed | Omidyar Network India |
| Loans & Financing | 1 Oct 2019 | $2.0M | not disclosed | not named |
| Loans & Financing | 11 Oct 2019 | $1.0M | not disclosed | not named |
| Loans & Financing | 10 Oct 2019 | $612K | not disclosed | not named |
| Loans & Financing | 18 Jul 2019 | $7.1M | not disclosed | Montage Ventures |
| Loans & Financing | 2 Jul 2019 | $2.2M | not disclosed | not named |
| Loans & Financing | 2 Dec 2019 | $13M | not disclosed | Global Founders Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Klar raise in its Seed round?
Klar raised $58M in its Seed round, announced in Sep 2019.
Who led Klar's Seed round?
Quona Capital led it, with Mouro Capital, Acrew Capital, Aspect Ventures, FJ Labs and Western Technology Investment and 1 more.
What was Klar's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Loans & Financing?
25 Seed rounds in Loans & Financing within a year either side disclosed an amount; the median was $2.0M, and this round was 29 times the median.
Did Klar raise again after this round?
Yes: a Seed round in Sep 2019 of $7.5M.