Funding round
Stream Series B
Stream, which works in financial wellbeing solutions in London, raised $25M in a Series B round announced on 7 Jul 2020, led by Northzone. 4 firms took part. It is Stream's first venture round on record.
$25M
Amount raised
20,000,000 GBP converted
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Stream did not disclose a valuation in this round. It is Stream's first venture round on record, 4 years after it was founded in 2016. It is 8.6% of the $290M Stream has raised in the venture rounds on record. Stream raised again 21 months later: a Series C round of $175M in Apr 2022.
Stream's funding rounds
Stream has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Northzone led the round with 3 other firms.
Lead investor
- backs 104 venture-backed companies new investor
Also in the round
- QED Investors backs 160 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- Balderton Capital backs 140 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
10 Series B rounds in Financial Services within a year either side disclosed an amount; the median was $41M, and this round was 61% of the median. The closest in time, other companies' Series B rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Trade Republic Financial Services | 17 Apr 2020 | $67M | not disclosed | Accel and Founders Fund |
| Financial Services | 16 Apr 2020 | $14M | not disclosed | Ling Feng Capital and Rainer-Marc Frey |
| Financial Services | 5 Oct 2020 | $12M | not disclosed | Electric Capital |
| FalconX Financial Services | 1 Jan 2021 | $50M | not disclosed | not named |
| Bitpanda Financial Services | 16 Mar 2021 | $170M | $1.20B | Valar Ventures |
| Financial Services | 23 Mar 2021 | $69M | $366M | Left Lane Capital |
| Stori Financial Services | 1 Mar 2021 | $33M | not disclosed | Lightspeed Venture Partners |
| Financial Services | 29 Aug 2019 | $50M | not disclosed | Founders Fund |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Stream raise in its Series B round?
Stream raised $25M in its Series B round, announced in Jul 2020.
Who led Stream's Series B round?
Northzone led it, with QED Investors, Latitude and Balderton Capital.
What was Stream's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Financial Services?
10 Series B rounds in Financial Services within a year either side disclosed an amount; the median was $41M, and this round was 61% of the median.
Did Stream raise again after this round?
Yes: a Series C round in Apr 2022 of $175M.