Total amount raised
$4.6 Billions
Latest funding date
Location
Title
Klarna has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company continues to innovate in the fintech space, offering a range of payment solutions.
Keep reading to explore the intricacies of Klarna's fundraising journey and the investors backing this dynamic platform.
What Is Klarna?
Klarna, founded in 2005 in Stockholm, Sweden, is a leading fintech company that offers a range of online financial services. The company was established by Niklas Adalberth, Sebastian Siemiatkowski, and Victor Jacobsson.
Specializing in e-commerce payment solutions, Klarna enables users to make purchases, manage payments, and shop online with flexible options like direct payments, pay-after-delivery, and installment plans. Their popular "buy now, pay later" model has revolutionized the online shopping experience.
With a workforce of 1001-5000 employees, Klarna continues to innovate and expand its services, making online shopping more convenient and accessible for consumers worldwide.
How Much Funding Has Klarna Raised?
- Venture Round
- Amount Raised: $4.3M
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and expansion in the fintech space.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: November 2023
- Lead Investors: Manhattan Venture Partners (MVP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Venture Round
- Amount Raised: $800M
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: $6.7 billion
- Motivation Behind the Round: To expand market position in the United States.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Venture Round
- Amount Raised: SEK15M
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Secondary Market
- Amount Raised: £6.6M
- Date: December 2021
- Lead Investors: Crowdcube
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Secondary Market
- Amount Raised: $6M
- Date: July 2021
- Lead Investors: Arctic Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Venture Round
- Amount Raised: $639M
- Date: June 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate global expansion and product development.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Secondary Market
- Amount Raised: $8.2M
- Date: March 2021
- Lead Investors: Mindrock Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
Total Amount Raised: $1.46 billion. Current Valuation: $6.7 billion.
Key Investors
- Sequoia
- Details: Sequoia is a venture capital firm known for investing in early and growth-stage companies. They have been a significant backer of Klarna since 2010.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Apple, Google, PayPal.
- Silver Lake
- Details: Silver Lake is a global private equity firm specializing in technology investments. They have participated in multiple funding rounds for Klarna.
- Investment Focus Areas: Technology, tech-enabled industries.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
- Mubadala Investment Company
- Details: Mubadala is a state-owned holding company based in Abu Dhabi, UAE. They manage a diversified global portfolio.
- Investment Focus Areas: Aerospace, ICT, semiconductors, metals & mining, renewable energy, utilities.
- Notable Investments: AMD, Cepsa, Emirates Global Aluminium.
- Canada Pension Plan Investment Board (CPP Investments)
- Details: CPP Investments is a professional investment management organization that invests the funds of the Canada Pension Plan. They are a new investor in Klarna.
- Investment Focus Areas: Public equities, private equities, real estate, infrastructure, fixed income.
- Notable Investments: Ant Financial, Enbridge, Glencore.
- SoftBank
- Details: SoftBank is a multinational conglomerate holding company with a focus on technology and telecommunications. They led the 2021 funding round for Klarna.
- Investment Focus Areas: Technology, telecommunications, internet, AI, robotics.
- Notable Investments: Alibaba, Uber, WeWork.
What's Next for Klarna?
Klarna's future is brimming with opportunities, particularly in the U.S. market, where it already boasts nearly 30 million users. The recent $800 million funding round underscores investor confidence, providing the financial muscle needed for further expansion and innovation. As Klarna continues to grow, leveraging its strong consumer base and superior product offerings, the potential for additional fundraising remains high, especially with the backing of major investors like Sequoia and Mubadala Investment Company.
However, the path forward is not without challenges. Klarna must navigate a volatile economic landscape marked by rising inflation, higher interest rates, and increased competition from tech giants like Apple. The company also faces the task of maintaining investor confidence amid a significant drop in valuation and the need for cost-cutting measures, including workforce reductions. Despite these hurdles, Klarna's focus on sustainable growth and market expansion positions it well for future success.
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