Funding round
Neo Financial Series D
Neo Financial, which works in financial product development in Calgary, raised $258M in a Series D round announced on 12 Nov 2024. 4 firms took part, 4 of them already investors. It is Neo Financial's fourth venture round on record; the one before was a Series C in May 2022.
$258M
Amount raised
360,000,000 CAD converted
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Neo Financial did not disclose a valuation in this round; its last disclosed one was $1.00B at the Series C (May 2022). It came 30 months after Neo Financial's Series C. It is 53% of the $489M Neo Financial has raised in the venture rounds on record. No later venture round is on record for Neo Financial.
Neo Financial's funding rounds
Neo Financial has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Valar Ventures backs 56 venture-backed companies existing investor
- backs 66 venture-backed companies existing investor
- backs 81 venture-backed companies existing investor
- backs 43 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Financial Services | 2 Dec 2024 | $135M | not disclosed | Accel |
| ProducePay Financial Services | 5 Feb 2024 | $38M | not disclosed | Syngenta Group Ventures |
| Kalshi Financial Services | 10 Oct 2025 | $300M | $5.00B | Andreessen Horowitz and Sequoia Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Neo Financial raise in its Series D round?
Neo Financial raised $258M in its Series D round, announced in Nov 2024.
Which investors took part in Neo Financial's Series D round?
Valar Ventures, Golden Ventures, Afore Capital and Thomvest Ventures.
What was Neo Financial's valuation at the Series D round?
It was not disclosed; its last disclosed one was $1.00B at the Series C (May 2022).