Business

Nubank receives new investment round of $300 million

It was the 11th round that Nubank has raised. In the latest one, the Brazilian neobank received $300 million from five undisclosed investors

Latin American Unicorns wall street Nubank — Latin America‘s most prominent fintech Nubank is eyeing an IPO in the United States by the beginning of 2022. Photo: Shutterstock

LABS

26.Aug.2020 10:04 BRT
UPDATED 01.Feb.2021 11:20 BRT

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According to Crunchbase, Nubank has already received $1.4 billion;
Época says that five investors participated in the current round.

Brazilian Nubank received a new investment round in June, with a total amount of $300 million (BRL 1.6 billion), as reported first by Startups.com.br. According to the news outlet, the deal was registered with the Securities and Exchange Commission (SEC), the regulator of capital markets in the United States.

This is the 11th round that Nubank raises. According to Crunchbase, it has already received $1.4 billion. According to Época, five investors participated in the latest round, but the document on SEC does not reveal their names. Nor does the SEC filing inform the company’s new valuation.

However, the document was signed by David Vélez, CEO and founder of Nubank; Douglas Leone, of Sequoia Capital; Nicolas Szekasy, from Kaszek Ventures; and Meyer “Micky” Malka, of the Ribbit Capital fund.