Funding round
Starling Series D
Starling, which works in digital banking services in London, raised $377M in a Series D round announced on 8 Mar 2021, led by Fidelity Management & Research Company (Fidelity). 4 firms took part. It is Starling's third venture round on record; the one before was a Series C in Feb 2019.
$377M
Amount raised
272,000,000 GBP converted
Not disclosed
Post-money valuation
$1.52B pre-money
4
Investors
1 lead
Valuation
What this round says about the price
Starling did not disclose a valuation in this round. It came 25 months after Starling's Series C. It is 53% of the $709M Starling has raised in the venture rounds on record. Starling raised again 13 months later: a Growth round of $166M in Apr 2022.
Starling's funding rounds
Starling has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Fidelity Management & Research Company (Fidelity) led the round with 3 other firms.
Lead investor
- Fidelity Management & Research Company (Fidelity) new investor
Also in the round
- Qatar Investment Authority backs 71 venture-backed companies new investor
- RPMI Railpen new investor
- backs 7 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, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Current Banks & ATMs | 27 Apr 2021 | $220M | $2.20B | Andreessen Horowitz |
| Solaris Banks & ATMs | 26 Jul 2021 | $224M | $1.65B | Decisive Capital Management |
| Varo Banks & ATMs | 3 Jun 2020 | $241M | not disclosed | Gallatin Point Capital and TPG |
| Banks & ATMs | 10 Mar 2022 | $77M | $2.00B | Heartland Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Starling raise in its Series D round?
Starling raised $377M in its Series D round, announced in Mar 2021.
Who led Starling's Series D round?
Fidelity Management & Research Company (Fidelity) led it, with Qatar Investment Authority, RPMI Railpen and Millennium Management.
What was Starling's valuation at the Series D round?
It was not disclosed.
Did Starling raise again after this round?
Yes: a Growth round in Apr 2022 of $166M.