After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO

Share via:


Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing.

Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook

It wouldn’t be the first time its fundraising didn’t go as hoped for. In 2023, Varo raised a $50 million equity round at a lower valuation ($1.85 billion post-money) than its massive and, it said, “oversubscribed” $510 million Series E



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

admin
admin
Hi! This is Admin.

Popular

More Like this

After raising $1 billion, fintech Varo closes another $29 million, replaces founder CEO


Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing.

Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its 2015 inception, according to PitchBook

It wouldn’t be the first time its fundraising didn’t go as hoped for. In 2023, Varo raised a $50 million equity round at a lower valuation ($1.85 billion post-money) than its massive and, it said, “oversubscribed” $510 million Series E



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

admin
admin
Hi! This is Admin.

More like this

New games, features, and surprises: Everything Nintendo revealed at...

Nintendo’s March 2025 Direct event revealed exciting new...

19 Quick Commerce Newcomers Aiming To Replicate Blinkit, Zepto...

Quick commerce is a rapidly growing sector within...

WhatsApp can now be set as the default calling...

WhatsApp is introducing a new feature that allows...

Popular

Upcoming Events

Open source devs are fighting AI crawlers with cleverness...

AI web-crawling bots are the cockroaches of the...

MeitY likely to send ₹25,000 crore electronics PLI proposal...

The scheme will focus on key components such as...

TTD Google AI-Based Pilgrim Services, Microsoft Security Agents, Mount...

Major institutions are leveraging artificial intelligence (AI) to...
afg afg afg afg afg afg ADGF ADGF ADGF ADGF ADGF ADGF ADGF ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS ERQW DAS VBXZC ERQW DAS hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account hack instagram account