Total amount raised
$130 Millions
Latest funding date
August, 2022
Location
Alma has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform is dedicated to simplifying access to therapy, offering a range of resources for both clients and providers.
Continue reading to delve into Alma's fundraising journey and discover the investors who are supporting this innovative platform.
What Is Alma?
Alma is a company dedicated to simplifying access to therapy, providing resources and tools for both clients and providers. Founded in 2018, Alma is based in New York City. The company was founded by Harry Ritter and has grown to employ over 100 people.
How Much Funding Has Alma Raised?
- Series A
- Amount Raised: €12.5M
- Date: March 2020
- Lead Investors: Hedosophia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and expand its user base.
- Series B
- Amount Raised: €49M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: €115M ($131M)
- Date: February 2022
- Lead Investors: Tencent, Eurazeo, Bpifrance
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate expansion across Western Europe.
- Debt Financing
- Amount Raised: €95M ($109M)
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support financial stability and growth initiatives.
Total Amount Raised: $240M. Current Valuation: Not publicly disclosed.
Key Investors
- Tencent
- Details: Tencent is a Chinese multinational technology conglomerate holding company known for its various internet-related services and products, entertainment, AI, and technology both in China and globally.
- Investment Focus Areas: Technology, internet services, entertainment, AI, fintech.
- Notable Investments: Tesla, Snap Inc., Spotify, Epic Games.
- Eurazeo
- Details: Eurazeo is a leading global investment company based in France, managing a diversified portfolio of assets across various sectors.
- Investment Focus Areas: Technology, consumer goods, healthcare, financial services.
- Notable Investments: Farfetch, Moncler, WorldStrides.
- Bpifrance
- Details: Bpifrance is a French state-owned investment bank that supports businesses through funding, guarantees, and equity investments.
- Investment Focus Areas: Technology, innovation, industrial projects.
- Notable Investments: Doctolib, Deezer, OVHcloud.
- GR Capital
- Details: GR Capital is a venture capital firm that invests in high-growth technology companies across Europe.
- Investment Focus Areas: Technology, fintech, e-commerce, mobility.
- Notable Investments: Bolt, Revolut, Glovo.
- Cathay Innovation
- Details: Cathay Innovation is a global venture capital firm that partners with startups to drive innovation and growth.
- Investment Focus Areas: Technology, fintech, healthtech, mobility.
- Notable Investments: Chime, Ledger, Glovo.
What's Next for Alma?
Alma's future looks promising as it expands into new European markets like the Netherlands, Luxembourg, Portugal, Ireland, and Austria. This expansion is fueled by significant investments from major players such as Tencent, Eurazeo, and Bpifrance. The company aims to leverage these funds to enhance its technological capabilities and broaden its market reach.
With the growing popularity of buy-now-pay-later services, Alma is well-positioned to attract further investment. The company may explore additional funding rounds to support its ambitious growth plans. However, challenges such as competition from established BNPL providers and regulatory hurdles in different markets could pose obstacles. Ensuring customer trust and managing credit risk will be crucial as Alma navigates these challenges.
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