Funding round
Stori Growth
Reported as "Growth Equity"
Stori, which works in digital payment card issuance in Mexico City, raised $212M in a Growth round announced on 6 Aug 2024, led by Notable Capital and BAI Capital. 10 firms took part. It is Stori's fourth venture round on record; the one before was a Series C in Jul 2022.
$212M
Amount raised
of which $107M debt
Not disclosed
Post-money valuation
10
Investors
2 leads
Valuation
What this round says about the price
Stori did not disclose a valuation in this round; its last disclosed one was $1.20B at the Series C (Jul 2022). It came 25 months after Stori's Series C. It is 52% of the $405M Stori has raised in the venture rounds on record. No later venture round is on record for Stori.
Stori's funding rounds
Stori has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 4 Feb 2020, led by Bertelsmann Investments and Source Code Capital $10M
- Series B 1 Mar 2021, led by Lightspeed Venture Partners $33M
- Debt not a venture round 12 Nov 2021 $75M
- Series C 15 Jul 2022, led by BAI Capital, GIC and GGV Capital $150M$1.20B post-money
- Growth this round 6 Aug 2024, led by Notable Capital and BAI Capital $212M
Investors
Who put money in
Notable Capital and BAI Capital led the round with 8 other firms.
Lead investors
- backs 44 venture-backed companies new investor
- backs 17 venture-backed companies new investor
Also in the round
- ACE Redpoint Ventures new investor
- GIC backs 98 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- Goodwater Capital backs 162 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Tresalia new investor
- Goldman Sachs backs 218 venture-backed companies new investor
- backs 8 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, 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' Growth rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Financial Services | 19 Sep 2024 | $31M | $132M | RTP Global |
| Ualá Financial Services | 31 Dec 2024 | $300M | $2.75B | not named |
| Financial Services | 5 Mar 2025 | $25M | $250M | Titanium Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Stori raise in its Growth round?
Stori raised $212M in its Growth round, announced in Aug 2024.
Who led Stori's Growth round?
Notable Capital and BAI Capital led it, with ACE Redpoint Ventures, GIC, General Catalyst, Goodwater Capital and Lightspeed Venture Partners and 3 more.
What was Stori's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.20B at the Series C (Jul 2022).