Funding round
Solaris Series D
Solaris, which works in embedded finance solutions development in Berlin, raised $224M in a Series D round announced on 26 Jul 2021, led by Decisive Capital Management, at a $1.65B post-money valuation. 8 firms took part, 1 of them already investors. It is Solaris' fourth venture round on record; the one before was a Series C in Jun 2020.
$224M
Amount raised
190,000,000 EUR converted
$1.65B
Post-money valuation
$1.43B pre-money
8
Investors
1 lead
4.6x
Step-up from the Series C
$360M in Jun 2020
14%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Solaris at $1.65B after the new money, 4.6 times the $360M of its Series C (Jun 2020). The $224M bought investors about 14% of the company. It came 13 months after Solaris' Series C. It is 35% of the $637M Solaris has raised in the venture rounds on record. Solaris raised again 32 months later: a Series F round of $104M in Mar 2024.
Solaris' funding rounds
Solaris has 6 venture rounds on record. This one is highlighted.
- Series A 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 this round 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
Decisive Capital Management led the round with 7 other firms. BBVA had backed Solaris before.
Lead investor
- Decisive Capital Management new investor
Also in the round
- backs 2 venture-backed companies new investor
- backs 3 venture-backed companies new investor
- Ilavska Vuillermoz Capital new investor
- backs 24 venture-backed companies new investor
- BBVA existing investor
- backs 31 venture-backed companies new investor
- HV Capital backs 124 venture-backed companies 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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Banks & ATMs:
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Solaris raise in its Series D round?
Solaris raised $224M in its Series D round, announced in Jul 2021.
Who led Solaris' Series D round?
Decisive Capital Management led it, with Pathway Capital, Compagnie Nationale à Portefeuille, Ilavska Vuillermoz Capital, yabeo and BBVA and 2 more.
What was Solaris' valuation at the Series D round?
$1.65B post-money ($1.43B pre-money).
Did Solaris raise again after this round?
Yes: a Series F round in Mar 2024 of $104M.