Funding round
Klar Series B
Klar, which works in financial and education services in Mexico City, raised an undisclosed amount in a Series B round announced on 20 Jul 2021, led by General Atlantic. 6 firms took part. It is Klar's fourth venture round on record; the one before was a Series A in Oct 2020.
Undisclosed
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 9 months after Klar's Series A. Klar raised again 11 months later: a Growth round of $90M in Jun 2022. 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 21 Oct 2020, led by Prosus Ventures $15M
- Series B this round 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
General Atlantic led the round with 5 other firms.
Lead investor
- General Atlantic backs 134 venture-backed companies new investor
Also in the round
- Prosus Ventures new investor
- backs 72 venture-backed companies new investor
- backs 39 venture-backed companies new investor
- International Finance Corporation backs 92 venture-backed companies new investor
- backs 83 venture-backed companies new investor
Joined the board: Luis Cervantes (General Atlantic) and Sofia Garrido (General Atlantic).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
39 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $38M. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 12 Jul 2021 | $30M | not disclosed | LL Funds |
| Loans & Financing | 7 Jul 2021 | $8.3M | not disclosed | Alitheia Capital |
| Loans & Financing | 19 Jun 2021 | $44M | not disclosed | DST Global |
| Loans & Financing | 30 Jun 2021 | $32M | $272M | not named |
| Loans & Financing | 29 Jun 2021 | $19M | not disclosed | Brean Capital |
| Loans & Financing | 5 Aug 2021 | $14M | $70M | Sequoia Capital India and Juvo Ventures |
| Point Loans & Financing | 2 Sep 2021 | $47M | not disclosed | Valar Ventures |
| Loans & Financing | 9 Sep 2021 | $45M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Klar raise in its Series B round?
Klar did not disclose the amount of its Series B round, announced in Jul 2021.
Who led Klar's Series B round?
General Atlantic led it, with Prosus Ventures, Quona Capital, Mouro Capital, International Finance Corporation and Western Technology Investment.
What was Klar's valuation at the Series B round?
It was not disclosed.
Did Klar raise again after this round?
Yes: a Growth round in Jun 2022 of $90M.