Funding round
Klar Seed
Klar, which works in financial and education services in Mexico City, raised $7.5M in a Seed round announced on 26 Sep 2019, led by Quona Capital. 6 firms took part. It is Klar's second venture round on record; the one before was a Seed in Sep 2019.
$7.5M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Klar did not disclose a valuation in this round. It is 2.1% of the $360M Klar has raised in the venture rounds on record. Klar raised again 13 months later: a Series A round of $15M in Oct 2020. 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 25 Sep 2019, led by Quona Capital $58M
- Seed this round 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 5 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
- FJ Labs backs 316 venture-backed companies new investor
- Arc Labs new investor
- backs 83 venture-backed companies 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 and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
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 3.8 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 $7.5M in its Seed round, announced in Sep 2019.
Who led Klar's Seed round?
Quona Capital led it, with Mouro Capital, Acrew Capital, FJ Labs, Arc Labs and Western Technology Investment.
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 3.8 times the median.
Did Klar raise again after this round?
Yes: a Series A round in Oct 2020 of $15M.