Funding round
Ualá Series D
Ualá, which works in digital financial ecosystem services in Municipio de Formosa, raised $350M in a Series D round announced on 13 Aug 2021, led by SoftBank Latin America Fund and Tencent, at a $2.45B post-money valuation. 10 firms took part. It is Ualá's fourth venture round on record; the one before was a Series C in Nov 2019.
$350M
Amount raised
$2.45B
Post-money valuation
$2.10B pre-money
10
Investors
2 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 came 21 months after Ualá's Series C. It is 34% of the $1.04B Ualá has raised in the venture rounds on record. Ualá raised again 40 months later: a Growth round of $300M in Dec 2024, at $2.75B post-money.
Ualá's funding rounds
Ualá has 6 venture rounds on record. This one is highlighted.
- Series A 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 this round 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
SoftBank Latin America Fund and Tencent led the round with 8 other firms.
Lead investors
- SoftBank Latin America Fund new investor
- Tencent new investor
Also in the round
- Soros Fund Management LLC new investor
- Goldman Sachs Asset Management, L.P. new investor
- Ribbit backs 126 venture-backed companies new investor
- Greyhound Capital new investor
- Monashees backs 73 venture-backed companies new investor
- Endeavor backs 236 venture-backed companies new 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, working capital and acquisitions.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
- Acquisitions
Comparable rounds
How it compares
6 Series D rounds in Financial Services within a year either side disclosed an amount; the median was $170M, and this round was 2.1 times the median. The closest in time, other companies' Series D rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DriveWealth Financial Services | 20 Aug 2021 | $450M | $2.85B | Insight Partners and Accel |
| DailyPay Financial Services | 18 May 2021 | $175M | not disclosed | Carrick Capital Partners |
| Citadel Securities Financial Services | 11 Jan 2022 | $1.15B | $22.00B | Sequoia Capital |
| Petal Financial Services | 5 Jan 2022 | $140M | $800M | Tarsadia |
| Financial Services | 1 Feb 2022 | $165M | not disclosed | Eldridge |
| FalconX Financial Services | 22 Jun 2022 | $150M | $8.00B | GIC and B Capital |
Sources
Where this comes from
Reported by 3 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 Latin America Fund and Tencent led it, with Soros Fund Management LLC, Goldman Sachs Asset Management, L.P., 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).
How does it compare with other Series D rounds in Financial Services?
6 Series D rounds in Financial Services within a year either side disclosed an amount; the median was $170M, and this round was 2.1 times the median.
Did Ualá raise again after this round?
Yes: a Growth round in Dec 2024 of $300M at $2.75B post-money.