Funding round
Ualá Series A
Ualá, which works in digital financial ecosystem services in Municipio de Formosa, raised $10M in a Series A round announced on 6 Feb 2018, led by Soros Fund Management LLC. 4 firms took part. It is Ualá's first venture round on record.
$10M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Ualá did not disclose a valuation in this round. It is Ualá's first venture round on record, 1 year after it was founded in 2017. It is under 1% of the $1.04B Ualá has raised in the venture rounds on record. Ualá raised again 8 months later: a Series B round of $34M in Oct 2018. Its next priced round, a Series D in Aug 2021, valued it at $2.45B.
Ualá's funding rounds
Ualá has 6 venture rounds on record. This one is highlighted.
- Series A this round 6 Feb 2018, led by Soros Fund Management LLC $10M
- Series B 1 Oct 2018, led by Goldman Sachs Investment Partners $34M
- Series C 25 Nov 2019, led by Tencent, SoftBank Innovation Fund and SoftBank $150M
- Series D 13 Aug 2021, led by SoftBank Latin America Fund and Tencent $350M$2.45B post-money
- Growth 31 Dec 2024 $300M$2.75B post-money
- Growth 4 Mar 2026, led by Allianz X $195M$3.20B post-money
Investors
Who put money in
Soros Fund Management LLC led the round with 3 other firms.
Lead investor
- Soros Fund Management LLC
Also in the round
- backs 17 venture-backed companies
- Point72 Ventures backs 72 venture-backed companies
- General Catalyst backs 574 venture-backed companies
Joined the board: Brian McGrath (Jefferies) and Diego Dayenoff.
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
5 Series A rounds in Financial Services within a year either side disclosed an amount; the median was $13M, and this round was 77% of the median. The closest in time, other companies' Series A rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Petal Financial Services | 10 Jan 2018 | $13M | not disclosed | Valar Ventures |
| Neo Financial Financial Services | 3 May 2018 | $22M | not disclosed | Propel Venture Partners and Monashees |
| Financial Services | 16 Oct 2017 | $6.0M | not disclosed | Mouro Capital |
| Financial Services | 1 Jul 2017 | $25M | not disclosed | not named |
| Alpaca Financial Services | 24 Oct 2018 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Ualá raise in its Series A round?
Ualá raised $10M in its Series A round, announced in Feb 2018.
Who led Ualá's Series A round?
Soros Fund Management LLC led it, with Jefferies, Point72 Ventures and General Catalyst.
What was Ualá's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Financial Services?
5 Series A rounds in Financial Services within a year either side disclosed an amount; the median was $13M, and this round was 77% of the median.
Did Ualá raise again after this round?
Yes: a Series B round in Oct 2018 of $34M.