Funding round
KreditBee Series C
KreditBee, which works in digital loan origination services in HAL 2nd Stage, raised $70M in a Series C round announced on 23 Mar 2021, led by NewQuest Capital Partners and Motilal Oswal Alternates. 6 firms took part. It is KreditBee's first venture round on record.
$70M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
KreditBee did not disclose a valuation in this round. It is KreditBee's first venture round on record, 3 years after it was founded in 2018. It is 16% of the $430M KreditBee has raised in the venture rounds on record. KreditBee raised again 21 months later: a Series D round of $80M in Dec 2022. Its next priced round, a Series E in Apr 2026, valued it at $1.50B.
KreditBee's funding rounds
KreditBee has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
NewQuest Capital Partners and Motilal Oswal Alternates led the round with 4 other firms.
Lead investors
- NewQuest Capital Partners new investor
- backs 4 venture-backed companies new investor
Also in the round
- Premji Invest backs 50 venture-backed companies new investor
- Mirae Asset Venture Investments backs 37 venture-backed companies new investor
- Alpine Capital new investor
- backs 21 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, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
18 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $45M, and this round was 1.6 times the median. The closest in time, other companies' Series C rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 24 Mar 2021 | $25M | not disclosed | International Finance Corporation and Goldman Sachs |
| Clearco Loans & Financing | 20 Apr 2021 | $100M | $2.00B | Oak HC/FT |
| Loans & Financing | 1 Feb 2021 | $18M | not disclosed | not named |
| Loans & Financing | 1 Jan 2021 | $9.0M | not disclosed | LGT Impact |
| Loans & Financing | 5 May 2021 | undisclosed | not disclosed | MDI Ventures |
| Loans & Financing | 23 Jun 2021 | $210M | not disclosed | not named |
| Loans & Financing | 10 Jun 2021 | $150M | not disclosed | Norwest and Battery Ventures |
| Loans & Financing | 1 Nov 2020 | $10M | not disclosed | Chiratae Ventures and Eight Roads |
Questions
Frequently asked
How much did KreditBee raise in its Series C round?
KreditBee raised $70M in its Series C round, announced in Mar 2021.
Who led KreditBee's Series C round?
NewQuest Capital Partners and Motilal Oswal Alternates led it, with Premji Invest, Mirae Asset Venture Investments, Alpine Capital and Arkam Ventures.
What was KreditBee's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Loans & Financing?
18 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $45M, and this round was 1.6 times the median.
Did KreditBee raise again after this round?
Yes: a Series D round in Dec 2022 of $80M.