Funding round
Tala Series B
Tala, which works in digital financial services in Santa Monica, raised $30M in a Series B round announced on 22 Feb 2017, led by Institutional Venture Partners. 6 firms took part. It is Tala's fourth venture round on record; the one before was a Series A in Sep 2015.
$30M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Tala did not disclose a valuation in this round. It came 17 months after Tala's Series A. It is 8.7% of the $346M Tala has raised in the venture rounds on record. Tala raised again 14 months later: a Series C round of $50M in Apr 2018. Its next priced round, a Series D in Aug 2019, valued it at $750M.
Tala's funding rounds
Tala has 7 venture rounds on record and 3 other deals. This one is highlighted.
- Seed 21 Dec 2012 $240K
- Seed 29 Aug 2013 $1.2M
- Series A 3 Sep 2015 $10M
- Debt not a venture round 1 Sep 2016 $3.0M
- Series B this round 22 Feb 2017, led by Institutional Venture Partners $30M
- Series C 17 Apr 2018, led by Revolution $50M
- Series D 21 Aug 2019, led by RPS Ventures $110M$750M post-money
- Series E 14 Oct 2021, led by Upstart $145M$800M post-money
- Debt not a venture round 27 Oct 2021 $40M
- Debt not a venture round 1 Mar 2025, led by Neuberger Berman $150M
Investors
Who put money in
Institutional Venture Partners led the round with 5 other firms.
Lead investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
Joined the board: Jules Maltz (IVP).
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
17 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $14M, and this round was 2.1 times the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Creditas Loans & Financing | 1 Feb 2017 | $19M | not disclosed | International Finance Corporation |
| Loans & Financing | 1 Mar 2017 | $7.6M | not disclosed | Quona Capital and Newid Capital |
| Loans & Financing | 13 Dec 2016 | $10M | not disclosed | Omidyar Network |
| Loans & Financing | 29 May 2017 | $8.9M | not disclosed | not named |
| Loans & Financing | 27 Nov 2016 | $1.0M | not disclosed | not named |
| Loans & Financing | 26 Jun 2017 | $28M | not disclosed | not named |
| Loans & Financing | 23 Jun 2017 | $4.0M | not disclosed | Kae Capital |
| Loans & Financing | 1 Oct 2016 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Tala raise in its Series B round?
Tala raised $30M in its Series B round, announced in Feb 2017.
Who led Tala's Series B round?
Institutional Venture Partners led it, with Ribbit, LOWERCASE capital, DCVC, Collaborative Fund and Female Founders Fund.
What was Tala's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Loans & Financing?
17 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $14M, and this round was 2.1 times the median.
Did Tala raise again after this round?
Yes: a Series C round in Apr 2018 of $50M.