Funding round
Tyme Group Series D
Tyme Group, which works in digital bank platform development in Singapore, raised $250M in a Series D round announced on 17 Dec 2024, led by Nubank, at a $1.50B post-money valuation. 11 firms took part, 10 of them already investors. It is Tyme Group's third venture round on record; the one before was a Series C in May 2023.
$250M
Amount raised
$1.50B
Post-money valuation
$1.25B pre-money
11
Investors
1 lead
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tyme Group at $1.50B after the new money. The $250M bought investors about 17% of the company. It came 19 months after Tyme Group's Series C. It is 49% of the $508M Tyme Group has raised in the venture rounds on record. No later venture round is on record for Tyme Group.
Investors
Who put money in
Nubank led the round with 10 other firms. Nubank, African Rainbow Capital, Ethos Capital and Apis Partners and 6 more had backed Tyme Group before.
Lead investor
- Nubank existing investor
Also in the round
- M&G Catalyst Fund new investor
- existing investor
- existing investor
- backs 19 venture-backed companies existing investor
- Tencent existing investor
- backs 6 venture-backed companies existing investor
- backs 48 venture-backed companies existing investor
- backs 11 venture-backed companies existing investor
- backs 15 venture-backed companies existing investor
- backs 5 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tenstorrent Device Manufacturing | 2 Dec 2024 | $693M | $2.70B | Samsung Securities and AFW Partners |
| Crusoe Hosting & Cloud Infrastructure Providers | 12 Dec 2024 | $600M | $2.80B | Founders Fund |
| Oura Medical Supply Manufacturers | 19 Dec 2024 | $200M | $5.20B | Fidelity Management & Research Company and Dexcom |
| Ayar Labs Electronical Components Manufacturing | 11 Dec 2024 | $155M | $1.00B | Advent International and Light Street Capital |
| Financial Services | 2 Dec 2024 | $135M | not disclosed | Accel |
| Tech Companies | 12 Dec 2024 | $96M | $511M | Ontario Teachers’ Pension Plan |
| Industrial Machinery & Supplies | 5 Dec 2024 | $91M | not disclosed | Congruent Ventures |
| Electric Supplies & Power Generation | 4 Dec 2024 | $67M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Tyme Group raise in its Series D round?
Tyme Group raised $250M in its Series D round, announced in Dec 2024.
Who led Tyme Group's Series D round?
Nubank led it, with M&G Catalyst Fund, African Rainbow Capital, Ethos Capital, Apis Partners and Tencent and 5 more.
What was Tyme Group's valuation at the Series D round?
$1.50B post-money ($1.25B pre-money).