Funding round
Solaris Series F
Solaris, which works in embedded finance solutions development in Berlin, raised $104M in a Series F round announced on 19 Mar 2024, led by SBI Holdings. 1 firm took part, 1 of them already investors. It is Solaris' fifth venture round on record; the one before was a Series D in Jul 2021.
$104M
Amount raised
96,000,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Solaris did not disclose a valuation in this round; its last disclosed one was $1.65B at the Series D (Jul 2021). It came 32 months after Solaris' Series D. It is 16% of the $637M Solaris has raised in the venture rounds on record. Solaris raised again 11 months later: a Series G round of $144M in Feb 2025.
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 26 Jul 2021, led by Decisive Capital Management $224M$1.65B post-money
- Series F this round 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
SBI Holdings led the round. SBI Holdings had backed Solaris before.
Lead investor
- backs 45 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations, working capital and sales and marketing.
- Product development
- Scaling operations
- Working capital
- Sales and marketing
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Mar 2024 | $55M | not disclosed | General Catalyst |
| Biotechnology | 1 Mar 2024 | $47M | not disclosed | not named |
| Rippling Tech Companies | 22 Apr 2024 | $200M | $13.50B | not named |
| Cohesity Tech Companies | 11 Apr 2024 | $150M | $7.00B | not named |
| Tech Companies | 10 Apr 2024 | $130M | $900M | KKR |
| Medical Supply Manufacturers | 5 Apr 2024 | $65M | not disclosed | Hildred |
| Gyms, Fitness & Health Centers | 26 Feb 2024 | $10M | not disclosed | Valecha Investments |
| Software Development Services | 21 May 2024 | $1.00B | $13.80B | Accel |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Solaris raise in its Series F round?
Solaris raised $104M in its Series F round, announced in Mar 2024.
Who led Solaris' Series F round?
SBI Holdings led it.
What was Solaris' valuation at the Series F round?
It was not disclosed; its last disclosed one was $1.65B at the Series D (Jul 2021).
Did Solaris raise again after this round?
Yes: a Series G round in Feb 2025 of $144M.