Funding round
Tamara Seed
Tamara, which works in digital payment solutions delivery in Riyadh, raised $6.0M in a Seed round announced on 20 Jan 2021, led by Impact46. 7 firms took part. It is Tamara's first venture round on record.
$6.0M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Tamara did not disclose a valuation in this round. It is Tamara's first venture round on record, 1 year after it was founded in 2020. It is 1.3% of the $456M Tamara has raised in the venture rounds on record. Tamara raised again 3 months later: a Series A round of $110M in Apr 2021. Its next priced round, a Series C in Dec 2023, valued it at $1.00B.
Tamara's funding rounds
Tamara has 3 venture rounds on record and 4 other deals. This one is highlighted.
- Seed this round 20 Jan 2021, led by Impact46 $6.0M
- Series A 22 Apr 2021, led by Checkout.com $110M
- Debt not a venture round 24 Mar 2023 $150M
- Debt not a venture round 14 Nov 2023, led by Goldman Sachs and Shorooq Partners $250M
- Debt not a venture round 16 Nov 2023, led by Shorooq Partners $50M
- Series C 18 Dec 2023, led by SNB Capital and Sanabil $340M$1.00B post-money
- Debt not a venture round 15 Sep 2025 $2.40B
Investors
Who put money in
Impact46 led the round with 6 other firms.
Lead investor
- backs 30 venture-backed companies new investor
Also in the round
- backs 28 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 12 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
107 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $3.5M, and this round was 1.7 times the median. The closest in time, other companies' Seed rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 1 Jan 2021 | $995K | not disclosed | not named |
| Payment Processing & Point of Sale | 4 Jan 2021 | $940K | not disclosed | not named |
| Payment Processing & Point of Sale | 20 Feb 2021 | $20M | not disclosed | Rocketship.vc |
| Payment Processing & Point of Sale | 25 Feb 2021 | $13M | not disclosed | Target Global |
| Payment Processing & Point of Sale | 25 Feb 2021 | $4.0M | not disclosed | Raba and firstminute capital |
| Payment Processing & Point of Sale | 2 Feb 2021 | $3.6M | not disclosed | Silverton Partners |
| Payment Processing & Point of Sale | 14 Dec 2020 | $3.5M | not disclosed | Hetz Ventures |
| Payment Processing & Point of Sale | 17 Dec 2020 | $2.0M | not disclosed | Ubiquity Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Tamara raise in its Seed round?
Tamara raised $6.0M in its Seed round, announced in Jan 2021.
Who led Tamara's Seed round?
Impact46 led it, with Vision Ventures, Wealth Well, SEEDRA Ventures, Khwarizmi Ventures and HALA Ventures and 1 more.
What was Tamara's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Payment Processing & Point of Sale?
107 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $3.5M, and this round was 1.7 times the median.
Did Tamara raise again after this round?
Yes: a Series A round in Apr 2021 of $110M.