Petal Analysis: $659M Raised
What is Petal?
Petal offers credit cards to help individuals build credit, focusing on accessibility for those new to credit or with past issues, using a unique CashScore.
Employees
1-10
Founded
2016
Latest Funding Round Size
Latest funding round: Venture Round
Parent Company Website
Public Company Status
Private
Use Clay
No
How much Petal raised
Venture Round - Not publicly disclosed
August 3, 2023Lead Investor: Trinity Capital
Debt Financing - Not publicly disclosed
August 3, 2023Lead Investor: Victory Park Capital
Venture Round - $35 million
May 10, 2023Lead Investor: Valar Ventures
Venture Round - $1.2 million
January 14, 2022Lead Investor: Not publicly disclosed
Series D - $140 million
January 5, 2022Lead Investor: Tarsadia Investments, Valar Ventures, CUNA Mutual, Encore Bank, Volery Capital Partners, Gopher Asset Management, RiverPark Ventures, Afore Capital, Gaingels, and others.
Debt Financing - $126.6 million
February 24, 2021Lead Investor: Silicon Valley Bank, Trinity Capital
Series C - $55 million
September 24, 2020Lead Investor: Valar Ventures
Secondary Market - $1.2 million
February 1, 2020Lead Investor: Not publicly disclosed
Debt Financing - $300 million
September 18, 2019Lead Investor: Jefferies
Convertible Note - Not publicly disclosed
April 1, 2019Lead Investor: Not publicly disclosed
Recent Venture Round Amount
The most recent venture funding round for the company raised an amount that is "Not publicly disclosed."
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Financial Overview
$659MTotal Raised
Venture RoundNot publicly disclosed
August 3, 2023
Investors: Trinity Capital
Debt FinancingNot publicly disclosed
August 3, 2023
Investors: Victory Park Capital
Venture Round$35 million
May 10, 2023
Investors: Valar Ventures
Venture Round$1.2 million
January 14, 2022
Investors: Not publicly disclosed
Series D$140 million
January 5, 2022
Investors: Tarsadia Investments, Valar Ventures, CUNA Mutual, Encore Bank, Volery Capital Partners, Gopher Asset Management, RiverPark Ventures, Afore Capital, Gaingels, and others.
Debt Financing$126.6 million
February 24, 2021
Investors: Silicon Valley Bank, Trinity Capital
Series C$55 million
September 24, 2020
Investors: Valar Ventures
Secondary Market$1.2 million
February 1, 2020
Investors: Not publicly disclosed
Debt Financing$300 million
September 18, 2019
Investors: Jefferies
Convertible NoteNot publicly disclosed
April 1, 2019
Investors: Not publicly disclosed
