Funding round
Trade Republic Series B
Trade Republic, which works in digital banking services in Berlin, raised $67M in a Series B round announced on 17 Apr 2020, led by Accel and Founders Fund. 4 firms took part, 3 of them already investors. It is Trade Republic's second venture round on record; the one before was a Series A in Jul 2019.
$67M
Amount raised
62,000,000 EUR converted
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
Trade Republic did not disclose a valuation in this round. It came 9 months after Trade Republic's Series A. It is 2.8% of the $2.38B Trade Republic has raised in the venture rounds on record. Trade Republic raised again 13 months later: a Series C round of $900M in May 2021, at $5.00B post-money.
Trade Republic's funding rounds
Trade Republic has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Accel and Founders Fund led the round with 2 other firms. Accel, Creandum and Project A had backed Trade Republic before.
Lead investors
- Accel backs 581 venture-backed companies existing investor
- Founders Fund backs 368 venture-backed companies new investor
Also in the round
- backs 95 venture-backed companies existing investor
- backs 64 venture-backed companies existing 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
10 Series B rounds in Financial Services within a year either side disclosed an amount; the median was $37M, and this round was 1.8 times the median. The closest in time, other companies' Series B rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Financial Services | 16 Apr 2020 | $14M | not disclosed | Ling Feng Capital and Rainer-Marc Frey |
| Stream Financial Services | 7 Jul 2020 | $25M | not disclosed | Northzone |
| Financial Services | 5 Oct 2020 | $12M | not disclosed | Electric Capital |
| Financial Services | 29 Aug 2019 | $50M | not disclosed | Founders Fund |
| FalconX Financial Services | 1 Jan 2021 | $50M | not disclosed | not named |
| Financial Services | 30 Jul 2019 | $7.0M | not disclosed | not named |
| Bitpanda Financial Services | 16 Mar 2021 | $170M | $1.20B | Valar Ventures |
| Financial Services | 23 Mar 2021 | $69M | $366M | Left Lane Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Trade Republic raise in its Series B round?
Trade Republic raised $67M in its Series B round, announced in Apr 2020.
Who led Trade Republic's Series B round?
Accel and Founders Fund led it, with Creandum and Project A.
What was Trade Republic's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Financial Services?
10 Series B rounds in Financial Services within a year either side disclosed an amount; the median was $37M, and this round was 1.8 times the median.
Did Trade Republic raise again after this round?
Yes: a Series C round in May 2021 of $900M at $5.00B post-money.