Funding round
Starling Series C
Starling, which works in digital banking services in London, raised $97M in a Series C round announced on 13 Feb 2019, led by Merian Global Investors and Merian Chrysalis Investment Company Limited. 2 firms took part. It is Starling's second venture round on record; the one before was a Growth in Jan 2016.
$97M
Amount raised
75,000,000 GBP converted
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Starling did not disclose a valuation in this round. It came 37 months after Starling's Growth. It is 14% of the $709M Starling has raised in the venture rounds on record. Starling raised again 25 months later: a Series D round of $377M in Mar 2021.
Starling's funding rounds
Starling has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Merian Global Investors and Merian Chrysalis Investment Company Limited led the round.
Lead investors
- Merian Global Investors new investor
- Merian Chrysalis Investment Company Limited 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 C rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Varo Banks & ATMs | 16 Jul 2019 | $100M | not disclosed | Warburg Pincus and TPG |
| Revolut Banks & ATMs | 26 Apr 2018 | $250M | $1.70B | DST Global |
| WeLab Banks & ATMs | 12 Dec 2019 | $156M | not disclosed | Alibaba Entrepreneurs Fund and China Construction Bank International |
| N26 Banks & ATMs | 20 Mar 2018 | $160M | not disclosed | Tencent Holdings Ltd. and Allianz X |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Starling raise in its Series C round?
Starling raised $97M in its Series C round, announced in Feb 2019.
Who led Starling's Series C round?
Merian Global Investors and Merian Chrysalis Investment Company Limited led it.
What was Starling's valuation at the Series C round?
It was not disclosed.
Did Starling raise again after this round?
Yes: a Series D round in Mar 2021 of $377M.