Varo Raises $241 Million Series D as it Moves Closer to Being the First Fintech to Become a National Bank
Amount Raised
$241 Million
Round Type
Series D
San FranciscoFinancial ServicesInvestors
Description
Mobile banking company Varo Money, Inc. today announced it has closed a $241 million USD Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and Jeff Skoll, a global entrepreneur, impact investor and movie producer. Other new investors joining the round include HarbourVest Partners and Progressive Insurance. J.P
Who else raised in Financial Services around the same time
Companies in the same sectors as Varo that raised within 45 days of this round, from Fundz verified event records.
- FarmTogether, Inc. raised $1.8M (Seed) on July 16, 2020.
- Beacon Platform raised $98K (Pre-Seed) on July 8, 2020.
- kWh Analytics raised $3.7M (Seed) on July 8, 2020.
- Moov Financial raised $5.4M on July 7, 2020.
- Aer Cap raised $3B (Funding Round) on July 7, 2020.
- ENvue Medical, Inc. raised $450K (Seed) on July 6, 2020.
Who to call at Varo, and when
A new round usually means Varo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Varo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Varo, from your own LinkedIn network
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Fundz sees it the moment Varo raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Varo 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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