Funding round
Tala Series D
Tala, which works in digital financial services in Santa Monica, raised $110M in a Series D round announced on 21 Aug 2019, led by RPS Ventures, at a $750M post-money valuation. 8 firms took part, 7 of them already investors. It is Tala's sixth venture round on record; the one before was a Series C in Apr 2018.
$110M
Amount raised
$750M
Post-money valuation
$640M pre-money
8
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tala at $750M after the new money. The $110M bought investors about 15% of the company. It came 16 months after Tala's Series C. It is 32% of the $346M Tala has raised in the venture rounds on record. Tala raised again 26 months later: a Series E round of $145M in Oct 2021, at $800M 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 17 Apr 2018, led by Revolution $50M
- Series D this round 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
RPS Ventures led the round with 7 other firms. GGV Capital, Institutional Venture Partners, Revolution and LOWERCASE capital and 3 more had backed Tala before.
Lead investor
- backs 11 venture-backed companies new investor
Also in the round
- GGV Capital existing investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- backs 141 venture-backed companies existing investor
- backs 14 venture-backed companies existing investor
- DCVC backs 171 venture-backed companies existing investor
- backs 43 venture-backed companies existing investor
- PayPal Ventures existing investor
Joined the board: Kabir Misra (RPS Ventures).
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
7 Series D rounds in Loans & Financing within a year either side disclosed an amount; the median was $40M, and this round was 2.8 times the median. The closest in time, other companies' Series D rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Creditas Loans & Financing | 10 Jul 2019 | $231M | $750M | SoftBank Vision Fund and SoftBank Latin America Fund |
| Loans & Financing | 5 Sep 2019 | $70M | $495M | CMFG Ventures, LLC |
| Loans & Financing | 2 Sep 2019 | $16M | not disclosed | not named |
| Konfío Loans & Financing | 3 Dec 2019 | $100M | not disclosed | SoftBank Group |
| Loans & Financing | 9 Dec 2019 | $20M | not disclosed | Escala Partners |
| Loans & Financing | 1 Nov 2018 | $27M | not disclosed | Norwest Venture Partners |
| Upgrade Loans & Financing | 17 Jun 2020 | $40M | $1.00B | Mouro Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Tala raise in its Series D round?
Tala raised $110M in its Series D round, announced in Aug 2019.
Who led Tala's Series D round?
RPS Ventures led it, with GGV Capital, Institutional Venture Partners, Revolution, LOWERCASE capital and DCVC and 2 more.
What was Tala's valuation at the Series D round?
$750M post-money ($640M pre-money).
How does it compare with other Series D rounds in Loans & Financing?
7 Series D rounds in Loans & Financing within a year either side disclosed an amount; the median was $40M, and this round was 2.8 times the median.
Did Tala raise again after this round?
Yes: a Series E round in Oct 2021 of $145M at $800M post-money.