Funding round
Tamara Series A
Tamara, which works in digital payment solutions delivery in Riyadh, raised $110M in a Series A round announced on 22 Apr 2021, led by Checkout.com. 1 firm took part. It is Tamara's second venture round on record; the one before was a Seed in Jan 2021.
$110M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Tamara did not disclose a valuation in this round. It came 3 months after Tamara's Seed. It is 24% of the $456M Tamara has raised in the venture rounds on record. Tamara raised again 32 months later: a Series C round of $340M in Dec 2023, at $1.00B post-money.
Tamara's funding rounds
Tamara has 3 venture rounds on record and 4 other deals. This one is highlighted.
- Seed 20 Jan 2021, led by Impact46 $6.0M
- Series A this round 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
Checkout.com led the round.
Lead investor
- Checkout.com new investor
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
106 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $15M, and this round was 7.3 times the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 21 Apr 2021 | $34M | not disclosed | QED Investors and Partners for Growth |
| Payment Processing & Point of Sale | 1 Apr 2021 | $20M | not disclosed | Viola Ventures and Viola Group |
| Payment Processing & Point of Sale | 20 Apr 2021 | $20M | not disclosed | QED Investors |
| Payment Processing & Point of Sale | 8 Apr 2021 | $19M | not disclosed | Global Ventures |
| Payment Processing & Point of Sale | 1 Apr 2021 | $7.0M | not disclosed | Tether |
| Payment Processing & Point of Sale | 22 Apr 2021 | $6.3M | not disclosed | FINTOP |
| Payment Processing & Point of Sale | 26 Mar 2021 | $28M | $90M | PayU |
| Payment Processing & Point of Sale | 24 May 2021 | $25M | not disclosed | Acorn Capital and Artesian |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Tamara raise in its Series A round?
Tamara raised $110M in its Series A round, announced in Apr 2021.
Who led Tamara's Series A round?
Checkout.com led it.
What was Tamara's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
106 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $15M, and this round was 7.3 times the median.
Did Tamara raise again after this round?
Yes: a Series C round in Dec 2023 of $340M at $1.00B post-money.