Funding round
Klar Series A
Klar, which works in financial and education services in Mexico City, raised $15M in a Series A round announced on 21 Oct 2020, led by Prosus Ventures. 6 firms took part, 3 of them already investors. It is Klar's third venture round on record; the one before was a Seed in Sep 2019.
$15M
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 came 13 months after Klar's Seed. It is 4.2% of the $360M Klar has raised in the venture rounds on record. Klar raised again 9 months later: a Series B round in Jul 2021. 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 26 Sep 2019, led by Quona Capital $7.5M
- Series A this round 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
Prosus Ventures led the round with 5 other firms. Quona Capital, Mouro Capital and Acrew Capital had backed Klar before.
Lead investor
- Prosus Ventures new investor
Also in the round
- International Finance Corporation backs 92 venture-backed companies new investor
- backs 72 venture-backed companies existing investor
- backs 39 venture-backed companies existing investor
- backs 97 venture-backed companies existing investor
- FJ Labs backs 316 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
61 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $12M, and this round was 1.3 times the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 28 Sep 2020 | $340M | not disclosed | yabeo and Macquarie |
| Loans & Financing | 20 Nov 2020 | $34M | not disclosed | not named |
| Loans & Financing | 14 Sep 2020 | $10M | not disclosed | Downing Ventures and Gresham House Ventures |
| Loans & Financing | 23 Sep 2020 | $4.6M | not disclosed | Valor Capital Group |
| Loans & Financing | 30 Nov 2020 | undisclosed | $142M | not named |
| Loans & Financing | 10 Aug 2020 | $12M | not disclosed | not named |
| Loans & Financing | 26 Aug 2020 | $10M | not disclosed | Inspired Capital |
| Loans & Financing | 13 Aug 2020 | $5.0M | $15M | Sequoia Capital India |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Klar raise in its Series A round?
Klar raised $15M in its Series A round, announced in Oct 2020.
Who led Klar's Series A round?
Prosus Ventures led it, with International Finance Corporation, Quona Capital, Mouro Capital, Acrew Capital and FJ Labs.
What was Klar's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
61 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $12M, and this round was 1.3 times the median.
Did Klar raise again after this round?
Yes: a Series B round in Jul 2021.