Funding round
Stenn Growth
Reported as "Growth Equity"
Stenn, which works in digital trade finance solutions in London, raised $50M in a Growth round announced on 12 Apr 2022, led by Centerbridge Partners, at a $900M post-money valuation. 1 firm took part. It is Stenn's second venture round on record; the one before was a Growth in Jun 2020.
$50M
Amount raised
$900M
Post-money valuation
$850M pre-money
1
Investors
1 lead
5.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Stenn at $900M after the new money. The $50M bought investors about 5.6% of the company. It came 22 months after Stenn's Growth. It is 9.1% of the $550M Stenn has raised in the venture rounds on record. No later venture round is on record for Stenn.
Stenn's funding rounds
Stenn has 2 venture rounds on record. This one is highlighted.
- Growth 3 Jun 2020 $500M
- Growth this round 12 Apr 2022, led by Centerbridge Partners $50M$900M post-money
Investors
Who put money in
Centerbridge Partners led the round.
Lead investor
- backs 11 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $100M, and this round was 50% of the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 11 Apr 2022 | $156M | not disclosed | not named |
| Knock Loans & Financing | 15 Mar 2022 | $220M | not disclosed | Foundry |
| Loans & Financing | 23 May 2022 | $152M | not disclosed | not named |
| Loans & Financing | 13 May 2022 | $75M | not disclosed | Generation Investment Management and Broadscale |
| Loans & Financing | 13 May 2022 | $55M | not disclosed | not named |
| Loans & Financing | 23 May 2022 | $5.0M | not disclosed | Episode 1 and Digital Horizon |
| C2FO Loans & Financing | 1 Feb 2022 | $140M | not disclosed | Third Point Ventures |
| Loans & Financing | 15 Feb 2022 | $100M | not disclosed | Siam Commercial Bank |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Stenn raise in its Growth round?
Stenn raised $50M in its Growth round, announced in Apr 2022.
Who led Stenn's Growth round?
Centerbridge Partners led it.
What was Stenn's valuation at the Growth round?
$900M post-money ($850M pre-money).
How does it compare with other Growth rounds in Loans & Financing?
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $100M, and this round was 50% of the median.