Funding round
Tiki Series E
Tiki, which works in marketplace platform services in Thủ Đức, raised $258M in a Series E round announced on 9 Nov 2021, led by AIA Group, at a $1.00B post-money valuation. 8 firms took part, 3 of them already investors. It is Tiki's fourth venture round on record; the one before was a Growth in Jun 2020.
$258M
Amount raised
$1.00B
Post-money valuation
$742M pre-money
8
Investors
1 lead
5.6x
Step-up from the Series C
$180M in Jan 2018
26%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tiki at $1.00B after the new money, 5.6 times the $180M of its Series C (Jan 2018). The $258M bought investors about 26% of the company. It came 17 months after Tiki's Growth. It is 48% of the $532M Tiki has raised in the venture rounds on record. No later venture round is on record for Tiki.
Tiki's funding rounds
Tiki has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
AIA Group led the round with 7 other firms. AIA Group, STIC Investments and JD.com had backed Tiki before.
Lead investor
- AIA Group existing investor
Also in the round
- Mirae Asset-Naver Asia Growth Fund new investor
- Taiwan Mobile new investor
- STIC Investments existing investor
- UBS new investor
- Yuanta Investment new investor
- JD.com existing investor
- backs 36 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Decorators & Interior Designers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Decorators & Interior Designers | 9 Sep 2021 | $50M | not disclosed | IIFL AMC's Late Stage Tech Fund and Oman India Joint Investment Fund |
| Nuvemshop Decorators & Interior Designers | 17 Aug 2021 | $500M | $3.10B | Insight Partners and Tiger Global |
| Decorators & Interior Designers | 22 Jun 2022 | $90M | not disclosed | NewQuest Capital Partners and Prosus |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Tiki raise in its Series E round?
Tiki raised $258M in its Series E round, announced in Nov 2021.
Who led Tiki's Series E round?
AIA Group led it, with Mirae Asset-Naver Asia Growth Fund, Taiwan Mobile, STIC Investments, UBS and Yuanta Investment and 2 more.
What was Tiki's valuation at the Series E round?
$1.00B post-money ($742M pre-money).