Funding round
Konfío Series E
Konfío, which works in business credit solutions in Mexico City, raised $235M in a Series E round announced on 29 Sep 2021, led by Tarsadia Capital and QED Investors, at a $1.30B post-money valuation. 8 firms took part, 6 of them already investors. It is Konfío's fifth venture round on record; the one before was a Series D in Dec 2019.
$235M
Amount raised
$1.30B
Post-money valuation
$1.06B pre-money
8
Investors
2 leads
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Konfío at $1.30B after the new money. The $235M bought investors about 18% of the company. It came 21 months after Konfío's Series D. It is 62% of the $378M Konfío has raised in the venture rounds on record. No later venture round is on record for Konfío.
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 3 Dec 2019, led by SoftBank Group $100M
- Series E this round 29 Sep 2021, led by Tarsadia Capital and QED Investors $235M$1.30B post-money
Investors
Who put money in
Tarsadia Capital and QED Investors led the round with 6 other firms. SoftBank, Kaszek, Lightrock and VEF and 2 more had backed Konfío before.
Lead investors
- Tarsadia Capital new investor
- QED Investors backs 160 venture-backed companies new investor
Also in the round
- SoftBank existing investor
- Kaszek backs 85 venture-backed companies existing investor
- Lightrock backs 62 venture-backed companies existing investor
- backs 12 venture-backed companies existing investor
- International Finance Corporation backs 92 venture-backed companies existing investor
- IFC existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
8 Series E rounds in Loans & Financing within a year either side disclosed an amount; the median was $90M, and this round was 2.6 times the median. The closest in time, other companies' Series E rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 16 Sep 2021 | $50M | not disclosed | Altos Ventures |
| Tala Loans & Financing | 14 Oct 2021 | $145M | $800M | Upstart |
| Upgrade Loans & Financing | 11 Aug 2021 | $105M | $3.30B | Koch Disruptive Technologies |
| Loans & Financing | 13 May 2021 | $45M | not disclosed | not named |
| Loans & Financing | 10 Mar 2022 | $225M | not disclosed | Healthcare of Ontario Pension Plan (HOOPP) and BVV Cayman Ltd. |
| Loans & Financing | 20 Apr 2022 | $50M | not disclosed | Nuveen |
| Creditas Loans & Financing | 18 Dec 2020 | $255M | $1.75B | not named |
| Kiavi Loans & Financing | 1 Dec 2020 | $75M | $405M | Benefit Street Partners |
Sources
Where this comes from
Reported by 1 source. 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 E round?
Konfío raised $235M in its Series E round, announced in Sep 2021.
Who led Konfío's Series E round?
Tarsadia Capital and QED Investors led it, with SoftBank, Kaszek, Lightrock, VEF and International Finance Corporation and 1 more.
What was Konfío's valuation at the Series E round?
$1.30B post-money ($1.06B pre-money).
How does it compare with other Series E rounds in Loans & Financing?
8 Series E rounds in Loans & Financing within a year either side disclosed an amount; the median was $90M, and this round was 2.6 times the median.