Funding round
Tabby Series D
Tabby, which works in digital payment card services in United Arab Emirates, raised $250M in a Series D round announced on 3 Jan 2024, at a $1.50B post-money valuation. 3 firms took part. It is Tabby's fifth venture round on record; the one before was a Series C in Jan 2023.
$250M
Amount raised
$1.50B
Post-money valuation
$1.25B pre-money
3
Investors
no lead named
2.3x
Step-up from the Series C
$660M in Jan 2023
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tabby at $1.50B after the new money, 2.3 times the $660M of its Series C (Jan 2023). The $250M bought investors about 17% of the company. It came 12 months after Tabby's Series C. It is 32% of the $780M Tabby has raised in the venture rounds on record. Tabby raised again 13 months later: a Series E round of $160M in Feb 2025, at $3.30B post-money.
Tabby's funding rounds
Tabby has 7 venture rounds on record and 6 other deals. This one is highlighted.
- Seed 11 Nov 2019, led by Global Founders Capital $2.0M
- Other not a venture round 8 Jun 2020, led by RAED Ventures $7.0M
- Debt not a venture round 8 Dec 2020 amount not disclosed
- Series A 8 Dec 2020, led by Arbor Ventures and Mubadala Capital $23M
- Debt not a venture round 22 Jun 2021 $50M
- Series B 7 Mar 2022, led by Sequoia Capital India and STV $54M
- Debt not a venture round 3 Aug 2022 $150M
- Series C 18 Jan 2023, led by Sequoia Capital India and STV $58M$660M post-money
- Debt not a venture round 31 May 2023, led by Partners for Growth $350M
- Debt not a venture round 21 Dec 2023 $700M
- Series D this round 3 Jan 2024 $250M$1.50B post-money
- Series E 12 Feb 2025, led by Blue Pool Capital and Hassana Investment Company $160M$3.30B post-money
- Series F 14 Sep 2026, led by Blue Pool Capital $233M$6.50B post-money
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- Hassana Investment Company new investor
- Soros Capital Management new investor
- backs 11 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
5 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $90M, and this round was 2.8 times the median. The closest in time, other companies' Series D rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 18 Jun 2024 | $100M | $2.00B | Morgan Stanley |
| Payment Processing & Point of Sale | 1 Jun 2023 | $45M | not disclosed | QIC |
| Payment Processing & Point of Sale | 28 Jun 2023 | undisclosed | not disclosed | Prosperity7 Ventures |
| Payment Processing & Point of Sale | 30 Sep 2024 | $100M | $785M | Helios Investment Partners |
| Payment Processing & Point of Sale | 27 Nov 2024 | $90M | $950M | Eurazeo |
| Payment Processing & Point of Sale | 15 Mar 2023 | $47M | not disclosed | Silva Fortune |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Tabby raise in its Series D round?
Tabby raised $250M in its Series D round, announced in Jan 2024.
Which investors took part in Tabby's Series D round?
Hassana Investment Company, Soros Capital Management and SVC.
What was Tabby's valuation at the Series D round?
$1.50B post-money ($1.25B pre-money).
How does it compare with other Series D rounds in Payment Processing & Point of Sale?
5 Series D rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $90M, and this round was 2.8 times the median.
Did Tabby raise again after this round?
Yes: a Series E round in Feb 2025 of $160M at $3.30B post-money.