Funding round
Point Series B
Point, which works in home equity investment services in Palo Alto, raised $47M in a Series B round announced on 2 Sep 2021, led by Valar Ventures. 4 firms took part. It is Point's first venture round on record.
$47M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Point did not disclose a valuation in this round. It is Point's first venture round on record, 6 years after it was founded in 2015. It is 29% of the $162M Point has raised in the venture rounds on record. Point raised again 8 months later: a Series C round of $115M in May 2022.
Point's funding rounds
Point has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series B this round 2 Sep 2021, led by Valar Ventures $47M
- Series C 3 May 2022, led by WestCap $115M
- Debt not a venture round 9 Dec 2025, led by Blue Owl Capital $2.50B
Investors
Who put money in
Valar Ventures led the round with 3 other firms.
Lead investor
- Valar Ventures backs 56 venture-backed companies new investor
Also in the round
- Breyer Capital backs 85 venture-backed companies new investor
- YC Continuity new investor
- backs 55 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
40 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $34M, and this round was 1.4 times the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 9 Sep 2021 | $45M | not disclosed | Insight Partners |
| Loans & Financing | 23 Sep 2021 | $5.4M | not disclosed | Aavishkaar Capital and Rajiv Dadlani Group |
| Loans & Financing | 5 Aug 2021 | $14M | $70M | Sequoia Capital India and Juvo Ventures |
| Loans & Financing | 18 Nov 2021 | $150M | not disclosed | Greater Bay Area Co-building Home Development Fund |
| Loans & Financing | 12 Nov 2021 | $38M | not disclosed | Zain Ventures |
| Loans & Financing | 12 Jul 2021 | $30M | not disclosed | LL Funds |
| Loans & Financing | 7 Jul 2021 | $8.3M | not disclosed | Alitheia Capital |
| Klar Loans & Financing | 20 Jul 2021 | undisclosed | not disclosed | General Atlantic |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Point raise in its Series B round?
Point raised $47M in its Series B round, announced in Sep 2021.
Who led Point's Series B round?
Valar Ventures led it, with Breyer Capital, YC Continuity and Human Capital.
What was Point's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Loans & Financing?
40 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $34M, and this round was 1.4 times the median.
Did Point raise again after this round?
Yes: a Series C round in May 2022 of $115M.