Funding round
Xepelin Series A
Xepelin, which works in digital business financing solutions in Monte Patria, raised $230M in a Series A round announced on 30 Jul 2021, led by Kaszek and DST Global. 12 firms took part. It is Xepelin's second venture round on record; the one before was a Seed in Oct 2020.
$230M
Amount raised
Not disclosed
Post-money valuation
12
Investors
2 leads
Valuation
What this round says about the price
Xepelin did not disclose a valuation in this round. It came 9 months after Xepelin's Seed. It is 63% of the $364M Xepelin has raised in the venture rounds on record. Xepelin raised again 10 months later: a Series B round of $111M in May 2022. Its next priced round, a Bridge in Jan 2026, valued it at $400M.
Xepelin's funding rounds
Xepelin has 4 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 1 Oct 2020, led by Ideas Impact VC $2.5M
- Series A this round 30 Jul 2021, led by Kaszek and DST Global $230M
- Series B 2 May 2022, led by Avenir and Kaszek $111M
- Debt not a venture round 8 Sep 2022, led by Goldman Sachs $140M
- Debt not a venture round 10 Jun 2025 $16M
- Bridge 6 Jan 2026, led by Nazca $20M$400M post-money
Investors
Who put money in
Kaszek and DST Global led the round with 10 other firms.
Lead investors
- Kaszek backs 85 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
Also in the round
- backs 61 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- MSA Capital new investor
- Amarena new investor
- FJ Labs backs 316 venture-backed companies new investor
- Gilgamesh Ventures new investor
- backs 2 venture-backed companies new investor
- backs 11 venture-backed companies new 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
78 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $13M, and this round was 18 times the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 7 Jul 2021 | $15M | not disclosed | Marubeni Corporation and SBI Holdings |
| Loans & Financing | 30 Jul 2021 | $15M | not disclosed | Xponentia |
| Loans & Financing | 19 Jul 2021 | $10M | not disclosed | Incofin |
| Loans & Financing | 21 Jul 2021 | $7.0M | not disclosed | Saluda Grade |
| Capchase Loans & Financing | 4 Jun 2021 | $125M | not disclosed | QED Investors |
| Loans & Financing | 23 Jun 2021 | $100M | not disclosed | Accel |
| Loans & Financing | 26 Aug 2021 | $63M | not disclosed | Sandlot Partners |
| Loans & Financing | 12 Aug 2021 | $60M | not disclosed | Mercato |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Xepelin raise in its Series A round?
Xepelin raised $230M in its Series A round, announced in Jul 2021.
Who led Xepelin's Series A round?
Kaszek and DST Global led it, with Cathay Innovation, Seaya, Picus Capital, Kayak Ventures and MSA Capital and 5 more.
What was Xepelin's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
78 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $13M, and this round was 18 times the median.
Did Xepelin raise again after this round?
Yes: a Series B round in May 2022 of $111M.