Funding round
Xepelin Series B
Xepelin, which works in digital business financing solutions in Monte Patria, raised $111M in a Series B round announced on 2 May 2022, led by Avenir and Kaszek. 15 firms took part. It is Xepelin's third venture round on record; the one before was a Series A in Jul 2021.
$111M
Amount raised
Not disclosed
Post-money valuation
15
Investors
2 leads
Valuation
What this round says about the price
Xepelin did not disclose a valuation in this round. It came 10 months after Xepelin's Series A. It is 31% of the $364M Xepelin has raised in the venture rounds on record. Xepelin raised again 44 months later: a Bridge round of $20M in Jan 2026, at $400M post-money.
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 30 Jul 2021, led by Kaszek and DST Global $230M
- Series B this round 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
Avenir and Kaszek led the round with 13 other firms.
Lead investors
- backs 42 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
Also in the round
- PayPal Ventures new investor
- Wellington new investor
- DST Global backs 179 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- MSA Novo new investor
- Endeavor backs 236 venture-backed companies new investor
- FJ Labs backs 316 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- Amarena new investor
- Gunderson new investor
- Cathay-Seaya Latam new investor
- backs 10 venture-backed companies new investor
- Carlos García Otatti
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
37 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $32M, and this round was 3.5 times the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 9 May 2022 | $95M | not disclosed | DST Global |
| Loans & Financing | 3 May 2022 | $15M | not disclosed | Michael and Susan Dell Foundation |
| Loans & Financing | 20 Apr 2022 | $250M | not disclosed | Goldman Sachs |
| Loans & Financing | 7 Jun 2022 | $90M | not disclosed | not named |
| Loans & Financing | 23 Jun 2022 | $40M | not disclosed | Notion Capital |
| Loans & Financing | 20 Apr 2022 | $31M | not disclosed | QED Investors and Aavishkaar Capital |
| Loans & Financing | 4 Apr 2022 | $25M | $80M | Munich Re Ventures |
| Loans & Financing | 16 Jun 2022 | $16M | $113M | 3one4 Capital |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Xepelin raise in its Series B round?
Xepelin raised $111M in its Series B round, announced in May 2022.
Who led Xepelin's Series B round?
Avenir and Kaszek led it, with PayPal Ventures, Wellington, DST Global, Battery Ventures and MSA Novo and 8 more.
What was Xepelin's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Loans & Financing?
37 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $32M, and this round was 3.5 times the median.
Did Xepelin raise again after this round?
Yes: a Bridge round in Jan 2026 of $20M at $400M post-money.