# Raisin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/raisin

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.raisin.com
- Total disclosed funding: $260M
- Latest round: Series C (Mar 21, 2023)
- Investors on record: 21

## About

Raisin GmbH, based in Berlin, Germany, is a financial technology company that connects consumers with high-yield savings products from partner banks, enabling them to optimize their savings with competitive interest rates.Founded in 2013, Raisin GmbH operates a financial platform that provides access to high-yield savings accounts. The company has engaged in a total of 10 deals, with its latest funding round being a Series C, where it raised EUR 60.00 mn on March 21, 2023, led by M&G Investments and supported by various notable investors including Goldman Sachs Merchant Banking Division and PayPal, Inc. The founders include Frank Freund, Kevin Mountford, Michael Stephan, Phil Alcock, and Tamas Giorgadse, while the current CEO is Paul Knodel.Raisin offers a digital platform that connects consumers to insured high-yield savings accounts from various partner banks and credit unions, allowing users to earn interest rates up to 4.45% APY*. The platform simplifies managing multiple savings products through a single secure login, catering to individual savers in the U.S. market.In the most recent year reported, Raisin generated a revenue of EUR 28,570,303.10 with an EBITDA of EUR -27,617,158.40.The recent funding of EUR 60.00 mn will facilitate Raisin's expansion into new markets in the United States, aiming to accelerate overall business growth. The company is focused on developing new products and enhancing its platform's capabilities to better serve its customers.

## Funding rounds

- Series C, Mar 21, 2023, $64M — Headline, Greycroft, Top Tier Capital Partners, Goldman Sachs Asset Management, b2venture, PayPal, Inc., Ribbit Capital, M&G, Thrive Capital Partners, Orange Ventures, Futury Capital, Tacito, Petrovka GmbH, Georgadze Ventures GmbH, GOLDMAN SACHS & CO. LLC, HS Investments III Limited
- Series D, Jul 16, 2019, $28M — Goldman Sachs Asset Management, Avala Capital
- Series D, Jan 21, 2019, $114M — Thrive Capital, b2venture, PayPal, Inc., Ribbit Capital, Avala Capital, HS Investments
- Series C, Jan 19, 2017, $32M — Index Ventures, Thrive Capital, b2venture, Ribbit Capital
- Series B, Jul 7, 2015, $22M — Index Ventures, b2venture, Ribbit Capital, Avala Capital, MSMM Beteiligungen GmbH, Petrovka GmbH

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B, Series C
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series B, Series C, Series D
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series B, Series C, Series D
- Avala Capital (https://capitalatlas.ai/funds/avala-capital) — Series B, Series D
- MSMM Beteiligungen GmbH — Series B
- Petrovka GmbH — Series B, Series C
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series C, Series D
- PayPal, Inc. — Series D, Series C
- HS Investments — Series D
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series D, Series C
- Headline (https://capitalatlas.ai/funds/headline) — Series C
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series C
- Top Tier Capital Partners (https://capitalatlas.ai/funds/top-tier-capital-partners) — Series C
- M&G (https://capitalatlas.ai/funds/m-g) — Series C
- Thrive Capital Partners (https://capitalatlas.ai/funds/thrive-capital-partners) — Series C
- Orange Ventures — Series C
- Futury Capital (https://capitalatlas.ai/funds/futury-capital) — Series C
- Tacito — Series C
- Georgadze Ventures GmbH — Series C
- GOLDMAN SACHS & CO. LLC — Series C
- HS Investments III Limited — Series C