Funding round
Konfío Series A
Konfío, which works in business credit solutions in Mexico City, raised $8.0M in a Series A round announced on 24 May 2016, led by Accion Frontier Inclusion Fund. 5 firms took part. It is Konfío's first venture round on record.
$8.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Konfío did not disclose a valuation in this round. It is Konfío's first venture round on record, 2 years after it was founded in 2014. It is 2.1% of the $378M Konfío has raised in the venture rounds on record. Konfío raised again 17 months later: a Series B round of $10M in Oct 2017. Its next priced round, a Series E in Sep 2021, valued it at $1.30B.
Konfío's funding rounds
Konfío has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 24 May 2016, led by Accion Frontier Inclusion Fund $8.0M
- Series B 11 Oct 2017, led by International Finance Corporation $10M
- Series C 18 Jun 2018, led by VEF $25M
- Debt not a venture round 30 Sep 2019 $250M
- Series D 3 Dec 2019, led by SoftBank Group $100M
- Series E 29 Sep 2021, led by Tarsadia Capital and QED Investors $235M$1.30B post-money
Investors
Who put money in
Accion Frontier Inclusion Fund led the round with 4 other firms.
Lead investor
- Accion Frontier Inclusion Fund new investor
Also in the round
- backs 72 venture-backed companies new investor
- Jaguar Ventures new investor
- QED Investors backs 160 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
Comparable rounds
How it compares
24 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $5.2M, and this round was 1.6 times the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 21 Apr 2016 | $1.0M | not disclosed | not named |
| Loans & Financing | 1 Jun 2016 | undisclosed | not disclosed | not named |
| Loans & Financing | 11 Jul 2016 | $18M | not disclosed | Union Square Ventures |
| Loans & Financing | 30 Mar 2016 | $4.5M | not disclosed | Sarva Capital |
| Funding Societies Loans & Financing | 11 Aug 2016 | $7.5M | not disclosed | Sequoia India |
| Octane Loans & Financing | 3 Aug 2016 | $6.3M | not disclosed | IA Ventures and Berenson & Company |
| Loans & Financing | 29 Aug 2016 | $3.0M | not disclosed | not named |
| Loans & Financing | 9 Sep 2016 | $1.9M | not disclosed | East Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Konfío raise in its Series A round?
Konfío raised $8.0M in its Series A round, announced in May 2016.
Who led Konfío's Series A round?
Accion Frontier Inclusion Fund led it, with Quona Capital, Jaguar Ventures, QED Investors and Kaszek.
What was Konfío's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
24 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $5.2M, and this round was 1.6 times the median.
Did Konfío raise again after this round?
Yes: a Series B round in Oct 2017 of $10M.