August 15, 2019 - Assignment

Klarna raises USD 460 million to support US growth

Klarna has raised an additional USD 460 million in a funding round led by Dragoneer Investment Group and which included among others Commonwealth Bank of Australia ("CBA"), Första AP-fonden and various funds managed by Blackrock. The USD 5.5 billion post-money valuation of Klarna now makes Klarna one of the biggest private fintech companies worldwide. The funds raised will be used to spur Klarna's US growth, as well as to establish an exclusive partnership with CBA for the Australian and New Zealand markets.

Klarna was advised by Mannheimer Swartling.