Funding round
Tiendanube Series C
Tiendanube, which works in e-commerce solutions development in Buenos Aires, raised $30M in a Series C round announced on 13 Oct 2020, led by Kaszek and Qualcomm Ventures. 5 firms took part. It is Tiendanube's second venture round on record; the one before was a Series B in Sep 2017.
$30M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Tiendanube did not disclose a valuation in this round. It came 37 months after Tiendanube's Series B. It is 5.6% of the $537M Tiendanube has raised in the venture rounds on record. Tiendanube raised again 10 months later: a Series E round of $500M in Aug 2021, at $3.10B post-money.
Tiendanube's funding rounds
Tiendanube has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Kaszek and Qualcomm Ventures led the round with 3 other firms.
Lead investors
- Kaszek backs 85 venture-backed companies new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
Also in the round
- FJ Labs backs 316 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- backs 18 venture-backed companies 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
406 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 59% of the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Oct 2020 | $207M | $2.00B | BlackRock |
| Bird Tech Companies | 8 Oct 2020 | $200M | $3.00B | Spark Capital |
| Tekion Tech Companies | 21 Oct 2020 | $150M | $1.00B | Advent International |
| Applied Intuition Tech Companies | 22 Oct 2020 | $125M | $1.25B | Lux Capital and Andreessen Horowitz |
| Tech Companies | 27 Oct 2020 | $120M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 12 Oct 2020 | $60M | not disclosed | Y Combinator |
| Tech Companies | 26 Oct 2020 | $30M | not disclosed | OurCrowd and Salesforce Ventures |
| Tech Companies | 21 Oct 2020 | $15M | not disclosed | Tencent |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Tiendanube raise in its Series C round?
Tiendanube raised $30M in its Series C round, announced in Oct 2020.
Who led Tiendanube's Series C round?
Kaszek and Qualcomm Ventures led it, with FJ Labs, IGNIA and Elevar Equity.
What was Tiendanube's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
406 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 59% of the median.
Did Tiendanube raise again after this round?
Yes: a Series E round in Aug 2021 of $500M at $3.10B post-money.