Funding round
Solaris Series A
Solaris, which works in embedded finance solutions development in Berlin, raised $28M in a Series A round announced on 15 Mar 2017. 5 firms took part, 4 of them already investors. It is Solaris' first venture round on record.
$28M
Amount raised
26,300,000 EUR converted
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Solaris did not disclose a valuation in this round. It is Solaris' first venture round on record, 2 years after it was founded in 2015. It is 4.4% of the $637M Solaris has raised in the venture rounds on record. Solaris raised again 12 months later: a Series B round of $70M in Mar 2018. Its next priced round, a Series C in Jun 2020, valued it at $360M.
Solaris' funding rounds
Solaris has 6 venture rounds on record. This one is highlighted.
- Series A this round 15 Mar 2017 $28M
- Series B 8 Mar 2018 $70M
- Series C 30 Jun 2020, led by HV Capital $67M$360M post-money
- Series D 26 Jul 2021, led by Decisive Capital Management $224M$1.65B post-money
- Series F 19 Mar 2024, led by SBI Holdings $104M
- Series G 4 Feb 2025, led by SBI Holdings and Boerse Stuttgart Group $144M
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- Arvato Financial Solutions existing investor
- backs 45 venture-backed companies new investor
- backs 4 venture-backed companies existing investor
- Hegus existing investor
- backs 24 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series A rounds in Banks & ATMs:
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Solaris raise in its Series A round?
Solaris raised $28M in its Series A round, announced in Mar 2017.
Which investors took part in Solaris' Series A round?
Arvato Financial Solutions, SBI Holdings, finleap, Hegus and yabeo.
What was Solaris' valuation at the Series A round?
It was not disclosed.
Did Solaris raise again after this round?
Yes: a Series B round in Mar 2018 of $70M.