Funding round
Stream Series C
Stream, which works in financial wellbeing solutions in London, raised $175M in a Series C round announced on 13 Apr 2022, led by Smash Capital and BlackRock. 14 firms took part, 7 of them already investors. It is Stream's second venture round on record; the one before was a Series B in Jul 2020.
$175M
Amount raised
of which $115M debt
Not disclosed
Post-money valuation
14
Investors
2 leads
Valuation
What this round says about the price
Stream did not disclose a valuation in this round. It came 21 months after Stream's Series B. It is 60% of the $290M Stream has raised in the venture rounds on record. Stream raised again 45 months later: a Series D round of $90M in Jan 2026.
Stream's funding rounds
Stream has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Smash Capital and BlackRock led the round with 12 other firms. Balderton Capital, Northzone, Fair By Design and Joseph Rowntree Foundation and 3 more had backed Stream before.
Lead investors
- Smash Capital new investor
- BlackRock new investor
Also in the round
- Balderton Capital backs 140 venture-backed companies existing investor
- backs 104 venture-backed companies existing investor
- Fair By Design existing investor
- Silicon Valley Bank new investor
- QED Investors backs 160 venture-backed companies new investor
- LocalGlobe new investor
- backs 120 venture-backed companies new investor
- backs 69 venture-backed companies new investor
- Joseph Rowntree Foundation existing investor
- Barrow Cadbury Trust existing investor
- existing investor
- backs 2 venture-backed companies existing 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
8 Series C rounds in Financial Services within a year either side disclosed an amount; the median was $148M, and this round was 1.2 times the median. The closest in time, other companies' Series C rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Neo Financial Financial Services | 5 May 2022 | $145M | $1.00B | Valar Ventures |
| Stori Financial Services | 15 Jul 2022 | $150M | $1.20B | BAI Capital and GIC |
| Financial Services | 25 Nov 2021 | $25M | $3.39B | Tiger Global |
| Financial Services | 18 Oct 2022 | $46M | not disclosed | Scottish National Investment Bank |
| Bitpanda Financial Services | 17 Aug 2021 | $263M | $4.10B | Valar Ventures |
| FalconX Financial Services | 10 Aug 2021 | $210M | $3.75B | Altimeter and B Capital |
| Trade Republic Financial Services | 20 May 2021 | $900M | $5.00B | Sequoia Capital |
| ProducePay Financial Services | 20 May 2021 | $43M | not disclosed | G2 Venture Partners and International Finance Corporation |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Stream raise in its Series C round?
Stream raised $175M in its Series C round, announced in Apr 2022.
Who led Stream's Series C round?
Smash Capital and BlackRock led it, with Balderton Capital, Northzone, Fair By Design, Silicon Valley Bank and QED Investors and 7 more.
What was Stream's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Financial Services?
8 Series C rounds in Financial Services within a year either side disclosed an amount; the median was $148M, and this round was 1.2 times the median.
Did Stream raise again after this round?
Yes: a Series D round in Jan 2026 of $90M.