French BNPL service provider Alma has raised EUR 210 million (approx. USD 239 million) in a funding split between Series C funding worth EUR 115 million (approx. USD 130 million) and EUR 95 million (approx. USD 109 million) in debt funding. Existing investors including Cathay Innovation, Eurazeo, and Bpifrance’s Large Venture fund and new investors Tencent, GR Capital, and Roosh Ventures participated in the rounds. The Series C round follows its EUR 49 million (approximately USD 59.4 million) Series B round in January 2021.
The fresh funding, which is likely to be diverted towards its European expansion, brings the company’s total to EUR 271 million (approx. USD 300 million).
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