Funding round
Solaris Series B
Solaris, which works in embedded finance solutions development in Berlin, raised $70M in a Series B round announced on 8 Mar 2018. 6 firms took part, 3 of them already investors. It is Solaris' second venture round on record; the one before was a Series A in Mar 2017.
$70M
Amount raised
56,600,000 EUR converted
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
Solaris did not disclose a valuation in this round. It came 12 months after Solaris' Series A. It is 11% of the $637M Solaris has raised in the venture rounds on record. Solaris raised again 27 months later: a Series C round of $67M in Jun 2020, at $360M post-money.
Solaris' funding rounds
Solaris has 6 venture rounds on record. This one is highlighted.
- Series A 15 Mar 2017 $28M
- Series B this round 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
6 firms took part; no lead investor was named.
Investors
- Arvato Financial Solutions existing investor
- backs 45 venture-backed companies existing investor
- BBVA existing investor
- Visa new investor
- Lakestar backs 95 venture-backed companies new investor
- ABN AMRO's Digital Impact Fund 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
The closest in time, other companies' Series B rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Varo Banks & ATMs | 18 Jan 2018 | $45M | not disclosed | TPG and Warburg Pincus |
| WeLab Banks & ATMs | 8 Nov 2017 | $220M | not disclosed | Alibaba Entrepreneurs Fund and International Finance Corporation |
| Banks & ATMs | 6 Sep 2018 | $60M | not disclosed | Kinnevik |
| Revolut Banks & ATMs | 11 Jul 2017 | $66M | $300M | Index Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Solaris raise in its Series B round?
Solaris raised $70M in its Series B round, announced in Mar 2018.
Which investors took part in Solaris' Series B round?
Arvato Financial Solutions, SBI Holdings, BBVA, Visa, Lakestar and ABN AMRO's Digital Impact Fund.
What was Solaris' valuation at the Series B round?
It was not disclosed.
Did Solaris raise again after this round?
Yes: a Series C round in Jun 2020 of $67M at $360M post-money.