Funding round
Stashfin Series B
Stashfin, which works in digital lending services in Gurugram, raised $40M in a Series B round announced on 5 Apr 2021. 9 firms took part. It is Stashfin's first venture round on record.
$40M
Amount raised
Not disclosed
Post-money valuation
9
Investors
no lead named
Valuation
What this round says about the price
Stashfin did not disclose a valuation in this round. It is Stashfin's first venture round on record, 5 years after it was founded in 2016. It is 13% of the $310M Stashfin has raised in the venture rounds on record. Stashfin raised again 14 months later: a Series C round of $270M in Jun 2022, at $730M post-money.
Stashfin's funding rounds
Stashfin has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series B this round 5 Apr 2021 $40M
- Series C 21 Jun 2022, led by Uncorrelated Ventures, Fasanara Capital and Abstract Ventures $270M$730M post-money
- Debt not a venture round 23 Mar 2023, led by InnoVen Capital and Trifecta Capital $100M
Investors
Who put money in
9 firms took part; no lead investor was named.
Investors
- backs 15 venture-backed companies new investor
- Uncorrelated Ventures new investor
- backs 7 venture-backed companies new investor
- Snow Leopard Ventures new investor
- Positive Moves new investor
- backs 8 venture-backed companies new investor
- Kravis Investment Partners new investor
- backs 35 venture-backed companies new investor
- Tencent Cloud Europe BV 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
35 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $31M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 19 Apr 2021 | $80M | $500M | Gauss Ventures |
| Loans & Financing | 16 Mar 2021 | $17M | not disclosed | Jungle Ventures |
| Loans & Financing | 23 Mar 2021 | $10M | not disclosed | not named |
| Loans & Financing | 19 Jun 2021 | $44M | not disclosed | DST Global |
| Loans & Financing | 30 Jun 2021 | $32M | $272M | not named |
| Loans & Financing | 29 Jun 2021 | $19M | not disclosed | Brean Capital |
| Loans & Financing | 1 Feb 2021 | $10M | not disclosed | Elevation Capital and Elevar Equity |
| Loans & Financing | 1 Jan 2021 | $50M | $443M | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Stashfin raise in its Series B round?
Stashfin raised $40M in its Series B round, announced in Apr 2021.
Which investors took part in Stashfin's Series B round?
Altara Ventures, Uncorrelated Ventures, Alto Partners, Snow Leopard Ventures, Positive Moves and Integrated Capital and 3 more.
What was Stashfin's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Loans & Financing?
35 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $31M, and this round was 1.3 times the median.
Did Stashfin raise again after this round?
Yes: a Series C round in Jun 2022 of $270M at $730M post-money.