Funding round
Konfío Series B
Konfío, which works in business credit solutions in Mexico City, raised $10M in a Series B round announced on 11 Oct 2017, led by International Finance Corporation. 6 firms took part. It is Konfío's second venture round on record; the one before was a Series A in May 2016.
$10M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Konfío did not disclose a valuation in this round. It came 17 months after Konfío's Series A. It is 2.6% of the $378M Konfío has raised in the venture rounds on record. Konfío raised again 8 months later: a Series C round of $25M in Jun 2018. 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 24 May 2016, led by Accion Frontier Inclusion Fund $8.0M
- Series B this round 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
International Finance Corporation led the round with 5 other firms.
Lead investor
- International Finance Corporation backs 92 venture-backed companies new investor
Also in the round
- QED Investors backs 160 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
- Jaguar Ventures new investor
- Accion Frontier Inclusion Fund new investor
- backs 41 venture-backed companies new investor
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
26 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $18M, and this round was 55% of the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 10 Oct 2017 | $15M | not disclosed | Vulcan Capital |
| Loans & Financing | 13 Oct 2017 | $14M | not disclosed | Tengelmann Ventures |
| Loans & Financing | 1 Aug 2017 | $40M | not disclosed | New Enterprise Associates and Wing Venture Capital |
| Loans & Financing | 13 Dec 2017 | $19M | not disclosed | British International Investment |
| Octane Loans & Financing | 1 Jan 2018 | $41M | not disclosed | Valar Ventures |
| Loans & Financing | 4 Jan 2018 | $16M | not disclosed | Eight Roads |
| Loans & Financing | 26 Jun 2017 | $28M | not disclosed | not named |
| Loans & Financing | 23 Jun 2017 | $4.0M | not disclosed | Kae Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Konfío raise in its Series B round?
Konfío raised $10M in its Series B round, announced in Oct 2017.
Who led Konfío's Series B round?
International Finance Corporation led it, with QED Investors, Kaszek, Jaguar Ventures, Accion Frontier Inclusion Fund and Accion.
What was Konfío's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Loans & Financing?
26 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $18M, and this round was 55% of the median.
Did Konfío raise again after this round?
Yes: a Series C round in Jun 2018 of $25M.