Total amount raised
$3.6 Billion
Latest funding date
02/01/2025
Location
Pagaya has successfully completed 26 funding rounds, with its latest being a Post-IPO Debt round led by 26North. The company is backed by a total of 30 investors, including notable names like Wells Fargo.
Pagaya's AI-driven platform integrates with lenders' systems to expand access to credit without additional risk. Keep reading to explore the intricacies of Pagaya's fundraising journey and the investors backing this innovative platform.
What Is Pagaya?
Pagaya is a financial technology company based in New York, New York, with an additional office in Tel Aviv, Israel. The company operates in the fields of Artificial Intelligence, Business Development, Credit, and FinTech.
With an employee count ranging between 501 and 1000, Pagaya partners with 31 lending institutions and over 150 institutional investors. The company’s AI-powered lending network aims to improve loan approval rates and customer retention without additional credit risk.
Pagaya has raised funding through 26 rounds and is publicly listed on NASDAQ under the ticker PGY. The company has also acquired two organizations, Theorem and Darwin Homes, to expand its capabilities.
How Much Funding Has Pagaya Raised?
- Amount Raised: USD 600,000,000
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand AI network capabilities and enhance financial services.
- Amount Raised: USD 300,000,000
- Date: February 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To increase market reach and improve loan approval rates.
- Amount Raised: USD 295,000,000
- Date: April 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance customer retention and expand product offerings.
- Amount Raised: USD 300,000,000
- Date: May 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Amount Raised: USD 900,000,000
- Date: June 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in AI technology and expand market presence.
- Amount Raised: USD 500,000,000
- Date: July 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial services and increase customer base.
- Amount Raised: USD 132,000,000
- Date: October 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and partnerships.
- Amount Raised: USD 400,000,000
- Date: October 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand AI capabilities and improve financial products.
- Amount Raised: USD 500,000,000
- Date: October 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market reach and customer engagement.
- Amount Raised: USD 400,000,000
- Date: November 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and technological advancements.
Total Amount Raised: USD 4,327,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Jefferies
- Details: Jefferies is a global investment banking firm. It provides a range of financial services including investment banking, asset management, and capital markets.
- Investment Focus Areas: Investment banking, asset management, capital markets.
- Notable Investments: Healthcare, technology, industrials.
- BlackRock
- Details: BlackRock is a global asset management firm. It manages a broad range of investment products including equities, fixed income, real estate, and alternative investments.
- Investment Focus Areas: Asset management, financial services, investment management.
- Notable Investments: Technology, real estate, financial services.
- JP Morgan Chase
- Details: JP Morgan Chase is a multinational investment bank and financial services holding company. It offers services in investment banking, financial services, asset management, and private equity.
- Investment Focus Areas: Banking, financial services, investment management.
- Notable Investments: Technology, healthcare, financial services.
- Valley Bank
- Details: Valley Bank is a regional bank in the United States. It provides commercial, retail, and wealth management services.
- Investment Focus Areas: Banking, financial services, lending.
- Notable Investments: Commercial and retail banking sectors.
- UBS O'Connor
- Details: UBS O'Connor is a hedge fund and asset management firm. It is part of UBS, a global financial services company.
- Investment Focus Areas: Hedge funds, asset management, financial services.
- Notable Investments: Technology, healthcare, financial services.
What's Next for Pagaya?
Pagaya's future looks promising with the recent $280 million credit facility, which opens doors for strategic mergers and acquisitions. This significant financial boost allows the company to enhance its AI-driven solutions and expand its network of lending partners, positioning itself as a leader in the fintech industry.
As Pagaya continues to grow, future fundraising opportunities are likely, especially given the company's focus on product innovation and market expansion. However, challenges such as market volatility and the integration of new technologies and partnerships may pose hurdles. Navigating these obstacles will be crucial for Pagaya to maintain its upward trajectory and achieve sustained success.
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