Funding round
Prodigy Finance Growth
Reported as "Growth Equity"
Prodigy Finance, which works in international student loan financing in London, raised $30M in a Growth round announced on 10 Sep 2024. It is Prodigy Finance's third venture round on record; the one before was a Growth in Sep 2021.
$30M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Prodigy Finance did not disclose a valuation in this round. It came 36 months after Prodigy Finance's Growth. It is 2.7% of the $1.13B Prodigy Finance has raised in the venture rounds on record. Prodigy Finance raised again 2 months later: a Growth round of $310M in Nov 2024.
Prodigy Finance's funding rounds
Prodigy Finance has 4 venture rounds on record and 2 other deals. This one is highlighted.
Comparable rounds
How it compares
41 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $60M, and this round was 50% of the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 17 Sep 2024 | $617M | not disclosed | not named |
| Loans & Financing | 25 Sep 2024 | $223M | not disclosed | not named |
| Loans & Financing | 5 Sep 2024 | $113M | not disclosed | International Finance Corporation and East West Bank |
| Loans & Financing | 15 Oct 2024 | $184M | not disclosed | not named |
| Loans & Financing | 3 Oct 2024 | $50M | not disclosed | Performance Trust |
| Loans & Financing | 12 Aug 2024 | $38M | not disclosed | Pollen Street Capital |
| Loans & Financing | 1 Aug 2024 | $26M | not disclosed | not named |
| MNT-Halan Loans & Financing | 19 Jul 2024 | $158M | not disclosed | International Finance Corporation |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Prodigy Finance raise in its Growth round?
Prodigy Finance raised $30M in its Growth round, announced in Sep 2024.
What was Prodigy Finance's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
41 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $60M, and this round was 50% of the median.
Did Prodigy Finance raise again after this round?
Yes: a Growth round in Nov 2024 of $310M.