Thrive Capital leads €30m series-C for Raisin

As part of the transaction, existing investors Ribbit Capital and Index Ventures also participated to the capital injection.

According to a statement, the company has recently expanded its business across new European countries, including its most recent launch of a new platform in Spain. The business aims to use the capital injection to extend its product offering and further expand its reach in the Italian market.

Following the transaction, the company claims to have raised a total of €60m in growth capital.

Previous funding
Formerly known as SavingGlobal, Raisin raised an initial undisclosed seed capital funding round from Avala Capital in June 2013.

More recently, Index Ventures provided a €7.5m series-A round for the business in June 2014, while 13 months later Index co-led a €20m series-B round alongside fintech-dedicated VC Ribbit Capital.

Company
Established in 2013 and based in Berlin, Raisin has developed a digital financial marketplace for deposit products offered by 27 partner banks across Europe. The firm currently claims to manage around €2bn of transactions and to have a reach of 31 European countries, including Germany, France, Spain and Austria.

People
Thrive Capital – Jared Weinstein (partner).
Index Ventures – Neil Rimer (partner).
Ribbit Capital – Micky Malka (managing partner).
Raisin – Tamaz Georgadze (co-founder, CEO).

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• Topics
• Expansion
• Technology
• DACH
• Venture
• Germany
• Index Ventures