Funding round
Konfío Series D
Konfío, which works in business credit solutions in Mexico City, raised $100M in a Series D round announced on 3 Dec 2019, led by SoftBank Group. 4 firms took part. It is Konfío's fourth venture round on record; the one before was a Series C in Jun 2018.
$100M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Konfío did not disclose a valuation in this round. It came 18 months after Konfío's Series C. It is 26% of the $378M Konfío has raised in the venture rounds on record. Konfío raised again 21 months later: a Series E round of $235M in Sep 2021, at $1.30B post-money.
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 18 Jun 2018, led by VEF $25M
- Debt not a venture round 30 Sep 2019 $250M
- Series D this round 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
SoftBank Group led the round with 3 other firms.
Lead investor
- SoftBank Group new investor
Also in the round
- QED Investors backs 160 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
- backs 12 venture-backed companies new investor
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
9 Series D rounds in Loans & Financing within a year either side disclosed an amount; the median was $40M, and this round was 2.5 times the median. The closest in time, other companies' Series D rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 9 Dec 2019 | $20M | not disclosed | Escala Partners |
| Loans & Financing | 5 Sep 2019 | $70M | $495M | CMFG Ventures, LLC |
| Loans & Financing | 2 Sep 2019 | $16M | not disclosed | not named |
| Tala Loans & Financing | 21 Aug 2019 | $110M | $750M | RPS Ventures |
| Creditas Loans & Financing | 10 Jul 2019 | $231M | $750M | SoftBank Vision Fund and SoftBank Latin America Fund |
| Upgrade Loans & Financing | 17 Jun 2020 | $40M | $1.00B | Mouro Capital |
| Loans & Financing | 18 Nov 2020 | $28M | not disclosed | SoftBank Ventures Asia and Daesung Private Equity |
| Gojo Loans & Financing | 17 Dec 2020 | $68M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Konfío raise in its Series D round?
Konfío raised $100M in its Series D round, announced in Dec 2019.
Who led Konfío's Series D round?
SoftBank Group led it, with QED Investors, Kaszek and VEF.
What was Konfío's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Loans & Financing?
9 Series D rounds in Loans & Financing within a year either side disclosed an amount; the median was $40M, and this round was 2.5 times the median.
Did Konfío raise again after this round?
Yes: a Series E round in Sep 2021 of $235M at $1.30B post-money.