Funding round
Tala Series C
Tala, which works in digital financial services in Santa Monica, raised $50M in a Series C round announced on 17 Apr 2018, led by Revolution. 6 firms took part, 5 of them already investors. It is Tala's fifth venture round on record; the one before was a Series B in Feb 2017.
$50M
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 14 months after Tala's Series B. It is 14% of the $346M Tala has raised in the venture rounds on record. Tala raised again 16 months later: a Series D round of $110M in Aug 2019, at $750M post-money.
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 22 Feb 2017, led by Institutional Venture Partners $30M
- Series C this round 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
Revolution led the round with 5 other firms. Institutional Venture Partners, DCVC, LOWERCASE capital and Ribbit and 1 more had backed Tala before.
Lead investor
- backs 141 venture-backed companies new investor
Also in the round
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- DCVC backs 171 venture-backed companies existing investor
- backs 14 venture-backed companies existing investor
- Ribbit backs 126 venture-backed companies existing investor
- backs 28 venture-backed companies existing investor
Joined the board: Steve Murray (Revolution Growth).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing and scaling operations.
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
12 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $36M, and this round was 1.4 times the median. The closest in time, other companies' Series C rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Konfío Loans & Financing | 18 Jun 2018 | $25M | not disclosed | VEF |
| Loans & Financing | 11 Jun 2018 | $22M | not disclosed | CapitalG |
| Loans & Financing | 30 Jul 2018 | $28M | not disclosed | Experian |
| Upgrade Loans & Financing | 23 Aug 2018 | $62M | $500M | CreditEase Fintech Investment Fund |
| Creditas Loans & Financing | 11 Dec 2017 | $50M | not disclosed | VEF |
| Loans & Financing | 6 Nov 2017 | $15M | not disclosed | not named |
| Loans & Financing | 31 Oct 2018 | $70M | not disclosed | FinUp and FinUp Financial Technology |
| Kiavi Loans & Financing | 17 Oct 2017 | $57M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Tala raise in its Series C round?
Tala raised $50M in its Series C round, announced in Apr 2018.
Who led Tala's Series C round?
Revolution led it, with Institutional Venture Partners, DCVC, LOWERCASE capital, Ribbit and Female Founders Fund.
What was Tala's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Loans & Financing?
12 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $36M, and this round was 1.4 times the median.
Did Tala raise again after this round?
Yes: a Series D round in Aug 2019 of $110M at $750M post-money.