PE Fund Investments
Fintech startup Jar App raises $32-M led by Tiger Global
Bangalore-based savings and investment app Jar App raised USD 32 million in its Series A financing round led by Tiger Global Management. Rocketship.vc, Third Prime, Stonks, and Force Ventures also came on board as new investors, while the existing backers Arkam Ventures and WEH Ventures participated in the round. Angel investors in the round included Victor Jacobsson (Founder at Klarna), Suleman Ali (Co-founder and General Partner at Ali Capital), Shamir Karkal (Founder at Sila Money), Byron Ling (Partner at Canaan Partners), Joel John (Principal at Ledger Prime), and Jeremy Cai (Founder at Italic). Jar App allows users to save money by taking a small amount from their everyday online transactions and automatically investing in digital gold. The funds from the latest round will be deployed to build new financial instruments besides its current offering, digital gold. The startup will also deploy the capital to offer users lending and insurance. The Series A round follows a $4.5 million seed funding round last year.
From the Venture Intelligence PE-VC Deal Database: In Sep-21, Jar App raised $4.5 M from Tribe Capital, WEH Ventures, Arkam Ventures, and others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
