Total amount raised
€621.1 Million
Latest funding date
2/1/2025
Location
Solaris has successfully raised funding over 9 rounds, with the latest being a Series G round. The platform is backed by 25 investors, including notable names like Börse Stuttgart group and SBI Group.
Keep reading to explore the intricacies of Solaris' fundraising journey and the investors backing this innovative platform.
What Is Solaris?
Solaris is a German technology company based in Berlin, specializing in Banking-as-a-Service (BaaS) and FinTech. The company operates a platform that enables businesses to create and offer their own financial products and services. With a full banking license, Solaris provides APIs for embedding digital banking services, covering areas such as digital banking, identification, cards, payments, and lending.
Founded in Berlin, Solaris has grown to employ between 501-1000 people. The company is recognized for its cutting-edge technology, cloud-based banking, and powerful APIs, which help businesses navigate regulatory complexities and focus on customer-centric financial features. Solaris operates in the Banking, Finance, Financial Services, FinTech, and Payments industries.
How Much Funding Has Solaris Raised?
- Series G
- Amount Raised: EUR 140,000,000
- Date: February 2025
- Lead Investors: Börse Stuttgart group, SBI Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain operations until profitability, strengthen the core capital base, and accelerate market opportunities.
- Series F
- Amount Raised: EUR 58,000,000
- Date: March 2024
- Lead Investors: SBI Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fulfill a major contract with the German automobile association ADAC and support ongoing operations.
- Series F
- Amount Raised: EUR 38,000,000
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and operational needs.
- Series E
- Amount Raised: EUR 40,000,000
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market reach and enhance its technological capabilities.
- Series D
- Amount Raised: EUR 190,000,000
- Date: July 2021
- Lead Investors: Decisive
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in new product development.
- Series C
- Amount Raised: EUR 60,000,000
- Date: June 2020
- Lead Investors: HV Capital, Yabeo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's infrastructure and expand its customer base.
- Series B
- Amount Raised: EUR 56,600,000
- Date: March 2018
- Lead Investors: Banco Bilbao Vizcaya Argentaria
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enter new markets.
- Series A
- Amount Raised: EUR 26,300,000
- Date: March 2017
- Lead Investors: Arvato Bertelsmann
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the core platform and onboard initial clients.
- Seed
- Amount Raised: EUR 12,200,000
- Date: March 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and build the initial product offering.
Total Amount Raised: EUR 620,100,000. Current Valuation: Not publicly disclosed.
Key Investors
- SBI Group
- Details: SBI Group is a Japanese financial conglomerate involved in a wide range of financial services, including asset management, brokerage, and banking. They are known for their strategic investments in fintech and blockchain technologies.
- Investment Focus Areas: Financial services, asset management, biotechnology, fintech
- Notable Investments: Ripple, various fintech startups
- Börse Stuttgart Group
- Details: Börse Stuttgart Group is a German stock exchange group that operates trading platforms for various financial instruments, including digital and crypto assets. They have a long-standing partnership with Solaris.
- Investment Focus Areas: Trading platforms, financial services, digital assets, fintech
- Notable Investments: Boerse Stuttgart Digital Exchange (BSDEX), various fintech companies
- Decisive
- Details: Decisive is a venture capital firm that focuses on investing in innovative technology companies. They have been involved in multiple funding rounds for Solaris.
- Investment Focus Areas: Technology, fintech, digital transformation
- Notable Investments: Not publicly disclosed
- HV Capital
- Details: HV Capital is a venture capital firm based in Germany, known for investing in high-growth technology companies. They have supported Solaris in its growth and expansion efforts.
- Investment Focus Areas: Technology, fintech, digital innovation
- Notable Investments: Not publicly disclosed
- Yabeo
- Details: Yabeo is a venture capital firm that invests in early-stage technology companies. They have been a key investor in Solaris, helping to enhance its platform infrastructure.
- Investment Focus Areas: Technology, fintech, healthcare
- Notable Investments: Not publicly disclosed
What's Next for Solaris?
Solaris stands at the cusp of significant growth opportunities, bolstered by its recent EUR 140 million Series G funding. This capital injection will enable Solaris to maintain operations until profitability and seize market opportunities in the burgeoning Banking-as-a-Service (BaaS) sector. The involvement of major financial players like SBI Group and Boerse Stuttgart Group underscores the potential for strategic partnerships and further market expansion.
Future fundraising appears promising, given Solaris' track record of successful funding rounds. The company's ability to attract substantial investments suggests that additional rounds may be on the horizon to support its growth and technological advancements. However, challenges such as achieving profitability and navigating the complexities of a changing shareholder structure remain. Ensuring compliance with regulatory requirements and managing rapid growth will be crucial as Solaris continues its journey towards becoming a leader in embedded finance.
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