Fondeadora fattens series A to $28m

Mar 16, 2021 • Robert Lavine

Google subsidiary Gradient Ventures returned for a $14m second tranche of the round, having led the August 2020 first close.

Mexico-based digital bank Fondeadora has doubled its series A round to $28m, adding $14m from investors including internet technology provider Google’s Gradient Ventures unit, TechCrunch reported yesterday.

The extension also featured venture capital firm Portag3 Ventures and angel investors Gokul Rajaram and Anatol von Hahn. Gradient Ventures led the August 2020 first close, investing with Y Combinator, Sound Ventures, Ignia Partners, FinTech Collective and Scott Belsky.

Fondeadora operates a challenger bank that issues customers with a Mastercard debit card…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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