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New Deal


Announced

Completed

Heartland, Kinnevik, Tencent and IDC Ventures led a $76m Series D round in Lunar.

Financials

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Transaction Value£58m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

neobank

Denmark

Acquisition

Single Bidder

Private

Private Equity

Friendly

Minority

Cross Border

Venture Capital

Completed

fintech

Synopsis

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Heartland, Kinnevik, Tencent and IDC Ventures led a $76m Series D round in Lunar, a fintech company. We are grateful for the dedication and trust our investors have in Lunar and we will continue to invest in new ways to give more power to consumers and businesses. The new funding will enable us to keep momentum in our Nordic expansion. In the first months of 2022 we launched our new Nordic crypto platform, enabled our business customers to accept and track card payments in their webshop, and we anticipate M&A activities to complement our Nordic offering," Ken Villum Klausen, Lunar Founder and CEO.

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