Amount Raised
$27 Million
Round Type
Series B
PuneFinancial ServicesFintechLendingSaaSDescription
Cloud-based lending software provider Lentra has raised $27 million in an extended series B round to make way for strategic investors on its cap table, founder and CEO D Venkatesh told ET in an interaction.He added that MUFG Bank and Dharana Capital have invested at a $400 million dollar valuation, the same valuation at which the company had raised $60 mn in its series B round in November 2022. Returning investors Bessemer Venture Partners, SIG Venture Capital, and Citi Ventures had put in the capital back then.Powered ByVideo Player is loading.Play VideoPlaySkip BackwardUnmuteCurrent Time 0:00/Duration 50:03Loaded: 1.20%00:00Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -50:03 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedPicture-in-PictureFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.AdvertisementJapan's Mitsubishi UFJ Financial Group (MUFG) Bank participated in the current round through its MUFG Ganesha Fund, a late stage venture capital fund. The deal marked the first joint investment by the bank and MUFG Innovation Partners, a venture capital firm under the MUFG group.MUFG will help Lentra explore synergies within the group, including with its strategic partner banks in southeast Asia
Who else raised in Financial Services and Fintech around the same time
Companies in the same sectors as Lentra that raised within 45 days of this round, from Fundz verified event records.
- Kapital raised $19M on May 3, 2023.
- Salmon Group raised $20M (Series A) on July 20, 2023.
- TP24 raised $453M (Debt Financing) on July 19, 2023.
- Thunes raised an undisclosed amount (Series C) on July 17, 2023.
- Jirav raised $20M (Funding Round) on July 11, 2023.
- Dougs raised $27M (Funding Round) on July 5, 2023.
Who to call at Lentra, and when
A new round usually means Lentra is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Lentra raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lentra, from your own LinkedIn network
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Fundz sees it the moment Lentra raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansLentra raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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