Funding round
Konfío Series C
Konfío, which works in business credit solutions in Mexico City, raised $25M in a Series C round announced on 18 Jun 2018, led by VEF. 7 firms took part. It is Konfío's third venture round on record; the one before was a Series B in Oct 2017.
$25M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Konfío did not disclose a valuation in this round. It came 8 months after Konfío's Series B. It is 6.6% of the $378M Konfío has raised in the venture rounds on record. Konfío raised again 18 months later: a Series D round of $100M in Dec 2019. 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 11 Oct 2017, led by International Finance Corporation $10M
- Series C this round 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
VEF led the round with 6 other firms.
Lead investor
- backs 12 venture-backed companies new investor
Also in the round
- Kaszek backs 85 venture-backed companies new investor
- backs 72 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
- International Finance Corporation backs 92 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- IFC
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $50M, and this round was 50% of the median. The closest in time, other companies' Series C rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 11 Jun 2018 | $22M | not disclosed | CapitalG |
| Loans & Financing | 30 Jul 2018 | $28M | not disclosed | Experian |
| Upgrade Loans & Financing | 23 Aug 2018 | $62M | $500M | CreditEase Fintech Investment Fund |
| Tala Loans & Financing | 17 Apr 2018 | $50M | not disclosed | Revolution |
| Loans & Financing | 31 Oct 2018 | $70M | not disclosed | FinUp and FinUp Financial Technology |
| Creditas Loans & Financing | 11 Dec 2017 | $50M | not disclosed | VEF |
| Loans & Financing | 6 Nov 2017 | $15M | not disclosed | not named |
| Kiavi Loans & Financing | 17 Oct 2017 | $57M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Konfío raise in its Series C round?
Konfío raised $25M in its Series C round, announced in Jun 2018.
Who led Konfío's Series C round?
VEF led it, with Kaszek, Quona Capital, QED Investors, International Finance Corporation and Wollef and 1 more.
What was Konfío's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Loans & Financing?
13 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $50M, and this round was 50% of the median.
Did Konfío raise again after this round?
Yes: a Series D round in Dec 2019 of $100M.