Funding round
Trade Republic Series A
Trade Republic, which works in digital banking services in Berlin, raised $11M in a Series A round announced on 1 Jul 2019, led by Creandum. 2 firms took part. It is Trade Republic's first venture round on record.
$11M
Amount raised
10,000,000 EUR converted
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Trade Republic did not disclose a valuation in this round. It is Trade Republic's first venture round on record, 4 years after it was founded in 2015. It is under 1% of the $2.38B Trade Republic has raised in the venture rounds on record. Trade Republic raised again 9 months later: a Series B round of $67M in Apr 2020. Its next priced round, a Series C in May 2021, valued it at $5.00B.
Trade Republic's funding rounds
Trade Republic has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Creandum led the round with 1 other firm.
Lead investor
- backs 95 venture-backed companies new investor
Also in the round
- backs 64 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
7 Series A rounds in Financial Services within a year either side disclosed an amount; the median was $10M, and this round was close to the median. The closest in time, other companies' Series A rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Financial Services | 16 Sep 2019 | $200M | not disclosed | Oaktree Capital |
| Financial Services | 15 May 2019 | $8.0M | not disclosed | Portage Ventures |
| Financial Services | 31 Oct 2019 | $15M | not disclosed | Molten Ventures |
| Stori Financial Services | 4 Feb 2020 | $10M | not disclosed | Bertelsmann Investments and Source Code Capital |
| Alpaca Financial Services | 24 Oct 2018 | $3.0M | not disclosed | not named |
| Financial Services | 16 Jun 2020 | $35M | not disclosed | Andreessen Horowitz |
| Financial Services | 22 Jun 2020 | $4.0M | not disclosed | Partech |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Trade Republic raise in its Series A round?
Trade Republic raised $11M in its Series A round, announced in Jul 2019.
Who led Trade Republic's Series A round?
Creandum led it, with Project A.
What was Trade Republic's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Financial Services?
7 Series A rounds in Financial Services within a year either side disclosed an amount; the median was $10M, and this round was close to the median.
Did Trade Republic raise again after this round?
Yes: a Series B round in Apr 2020 of $67M.