Funding round
Tyme Group Series C
Tyme Group, which works in digital bank platform development in Singapore, raised $78M in a Series C round announced on 23 May 2023, led by Norrsken22 and Blue Earth Capital. 3 firms took part. It is Tyme Group's second venture round on record; the one before was a Series B in Dec 2021.
$78M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
Tyme Group did not disclose a valuation in this round. It came 17 months after Tyme Group's Series B. It is 15% of the $508M Tyme Group has raised in the venture rounds on record. Tyme Group raised again 19 months later: a Series D round of $250M in Dec 2024, at $1.50B post-money.
Investors
Who put money in
Norrsken22 and Blue Earth Capital led the round with 1 other firm.
Lead investors
- backs 11 venture-backed companies new investor
- backs 15 venture-backed companies new investor
Also in the round
- Tencent new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 8 Feb 2023 | $40M | $1.10B | Mangrove Capital Partners and 14W Venture Capital |
| Allica Bank Banks & ATMs | 5 Dec 2022 | $123M | not disclosed | Technology Crossover Ventures |
| Banks & ATMs | 15 Aug 2022 | $17M | $565M | not named |
| Banks & ATMs | 29 May 2024 | $83M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Tyme Group raise in its Series C round?
Tyme Group raised $78M in its Series C round, announced in May 2023.
Who led Tyme Group's Series C round?
Norrsken22 and Blue Earth Capital led it, with Tencent.
What was Tyme Group's valuation at the Series C round?
It was not disclosed.
Did Tyme Group raise again after this round?
Yes: a Series D round in Dec 2024 of $250M at $1.50B post-money.