Funding round
Ualá Series D
Ualá, which works in digital financial services in Argentina, raised $350M in a Series D round announced on 17 Aug 2021, led by SoftBank, Tencent and SoftBank Latin America Fund, at a $2.45B post-money valuation. 11 firms took part, 8 of them already investors. It is Ualá's first venture round on record.
$350M
Amount raised
$2.45B
Post-money valuation
$2.10B pre-money
11
Investors
3 leads
14%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ualá at $2.45B after the new money. The $350M bought investors about 14% of the company. It is Ualá's first venture round on record, 4 years after it was founded in 2017. It is 38% of the $911M Ualá has raised in the venture rounds on record. Ualá raised again 43 months later: a Series E round of $366M in Mar 2025, at $2.75B post-money.
Ualá's funding rounds
Ualá has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
SoftBank, Tencent and SoftBank Latin America Fund led the round with 8 other firms. SoftBank, Tencent, Soros Fund Management LLC and Goldman Sachs Asset Management and 4 more had backed Ualá before.
Lead investors
- SoftBank existing investor
- Tencent existing investor
- SoftBank Latin America Fund
Also in the round
- Soros Fund Management LLC existing investor
- Goldman Sachs Asset Management existing investor
- Ribbit backs 126 venture-backed companies existing investor
- Greyhound Capital existing investor
- Monashees backs 73 venture-backed companies existing investor
- Endeavor backs 236 venture-backed companies existing investor
- D1 Capital Partners new investor
- 166 2nd new 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
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DriveWealth Financial Services | 20 Aug 2021 | $450M | $2.85B | Insight Partners and Accel |
| RingCentral Tech Companies | 1 Aug 2021 | $450M | $7.75B | Arena Holdings and Altimeter |
| Cityblock Health Health Care Services | 3 Aug 2021 | $400M | $5.70B | SoftBank |
| Ualá Financial Services | 13 Aug 2021 | $350M | $2.45B | SoftBank Latin America Fund and Tencent |
| Talkdesk Tech Companies | 12 Aug 2021 | $230M | $10.00B | Whale Rock Capital Management and Transpose Platform |
| Postman Tech Companies | 18 Aug 2021 | $225M | $5.60B | Insight Partners |
| Shield AI Aerospace and Defence | 25 Aug 2021 | $210M | not disclosed | Disruptive |
| Real Estate Rental | 13 Aug 2021 | $200M | $2.00B | Tiger Global Management and Caffeinated |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Ualá raise in its Series D round?
Ualá raised $350M in its Series D round, announced in Aug 2021.
Who led Ualá's Series D round?
SoftBank, Tencent and SoftBank Latin America Fund led it, with Soros Fund Management LLC, Goldman Sachs Asset Management, Ribbit, Greyhound Capital and Monashees and 3 more.
What was Ualá's valuation at the Series D round?
$2.45B post-money ($2.10B pre-money).
Did Ualá raise again after this round?
Yes: a Series E round in Mar 2025 of $366M at $2.75B post-money.