Koch Disruptive Technologies returned for a round valuing the consumer finance provider at $6bn pre-money.

US-based consumer credit provider Upgrade secured $280m yesterday in a series F round featuring Koch Disruptive Technologies, an investment subsidiary of chemical and energy conglomerate Koch Industries, at a pre-money valuation of $6bn.

Coatue Management and DST Global co-led the round, which included Dragoneer Investment Group, G-Squared, Gopher Asset Management, Old Well Partners, Sands Capital, Ribbit Capital, Ventura Capital and Vy Capital. It brings the company’s total funding to $600m, it said.

Founded in 2017, Upgrade provides an online banking…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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