Funding round
Tiendanube Series B
Tiendanube, which works in e-commerce solutions development in Buenos Aires, raised $7.0M in a Series B round announced on 20 Sep 2017, led by Elevar Equity. 5 firms took part. It is Tiendanube's first venture round on record.
$7.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Tiendanube did not disclose a valuation in this round. It is Tiendanube's first venture round on record, 6 years after it was founded in 2011. It is 1.3% of the $537M Tiendanube has raised in the venture rounds on record. Tiendanube raised again 37 months later: a Series C round of $30M in Oct 2020. Its next priced round, a Series E in Aug 2021, valued it at $3.10B.
Tiendanube's funding rounds
Tiendanube has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Elevar Equity led the round with 4 other firms.
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
383 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $16M, and this round was 44% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Sep 2017 | $42M | not disclosed | not named |
| Devo Tech Companies | 28 Sep 2017 | $35M | not disclosed | Insight Partners |
| Tech Companies | 26 Sep 2017 | $32M | not disclosed | General Catalyst |
| Tech Companies | 14 Sep 2017 | $31M | not disclosed | not named |
| Dataiku Tech Companies | 6 Sep 2017 | $28M | not disclosed | Battery Ventures |
| Tech Companies | 21 Sep 2017 | $27M | not disclosed | not named |
| Tech Companies | 26 Sep 2017 | $25M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 23 Sep 2017 | $25M | not disclosed | New Enterprise Associates |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Tiendanube raise in its Series B round?
Tiendanube raised $7.0M in its Series B round, announced in Sep 2017.
Who led Tiendanube's Series B round?
Elevar Equity led it, with IGNIA, Kaszek, NXTP and FJ Labs.
What was Tiendanube's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
383 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $16M, and this round was 44% of the median.
Did Tiendanube raise again after this round?
Yes: a Series C round in Oct 2020 of $30M.