Funded Financial Services Startups in San Mateo
Among the 15 most recent Financial Services rounds listed for San Mateo, the largest disclosed amount is Hercules Capital at $350M on 2025-06-11, and it si…
Among the 15 most recent Financial Services rounds listed for San Mateo, the largest disclosed amount is Hercules Capital at $350M on 2025-06-11, and it sits in a tier with other very large disclosed checks such as Ratio ($400M on 2022-09-15) and Zuora ($400M on 2022-03-02). By contrast, several disclosed rounds fall into the $10M–$15M band (Finexio $10M on 2024-12-17; Alpaca $15M on 2023-10-12; Project Galaxy $10M and Gr4vy $15M in January 2022; Checkbook $10M on 2021-11-01), showing a clear size split between debt/equity-scale rounds and smaller disclosed raises.
The list also clusters temporally rather than evenly: the oldest shown round is Wellpay at $4M on 2020-04-09, while the most recent is Hercules Capital on 2025-06-11. Stage labeling is mixed—five rounds are “Series Unknown” (Hercules Capital 2025-06-11; FalconX 2025-05-27; Finexio 2024-12-17; KryptoGO 2022-07-25; Loan Transactions and Technology 2022-05-13) and two are explicitly “undisclosed” (FalconX 2025-05-27 and the 2025-05-27 entry is undisclosed), while large financing classifications (Debt Financing and Post-IPO Equity) appear alongside smaller Series A/F entries (e.g., Tipalti $270M on 2021-12-08, plus multiple $10M–$15M Series A rounds in early 2022).
Most recent rounds
15 shownRelated listings
Frequently asked
What stands out in the size range of disclosed rounds in San Mateo financial services, and how does the top deal compare to the rest?
The largest disclosed amount is Hercules Capital’s $350M on 2025-06-11. That level is close to the other highest disclosed checks—Ratio’s $400M on 2022-09-15 and Zuora’s $400M on 2022-03-02—while multiple disclosed rounds cluster much lower in the $10M–$15M range (Finexio $10M on 2024-12-17; Alpaca $15M on 2023-10-12; Project Galaxy $10M and Gr4vy $15M in January 2022; Checkbook $10M on 2021-11-01).
Are there temporal clusters where many of these rounds fall close together?
Yes—several rounds concentrate in early 2022: Zuora closed $400M on 2022-03-02, Project Galaxy raised $10M on 2022-01-26, Gr4vy raised $15M on 2022-01-13, and Tipalti later raised $270M on 2021-12-08, with additional nearby funding such as Achieve ($225M) on 2022-10-20 and Ratio ($400M) on 2022-09-15. The full window runs from 2020-04-09 (Wellpay $4M) through 2025-06-11 (Hercules Capital $350M).
How should sales or diligence teams treat the stage/label information—does “Series Unknown” dominate, and how often are amounts undisclosed?
Stage labels are incomplete in multiple entries: five rows show “Series Unknown” (Hercules Capital 2025-06-11; FalconX 2025-05-27; Finexio 2024-12-17; KryptoGO 2022-07-25; Loan Transactions and Technology 2022-05-13). Additionally, FalconX on 2025-05-27 lists an “undisclosed” amount, so at least one recent entry provides neither a disclosed check size nor a disclosed stage for analysis based on amounts.
Which stage categories appear alongside the largest dollars, and where are the smaller-dollar rounds located?
Large-dollar labels skew toward Debt Financing and Post-IPO Equity: Ratio is Debt Financing with $400M on 2022-09-15, Achieve is Debt Financing with $225M on 2022-10-20, and Zuora is Post-IPO Equity with $400M on 2022-03-02. Smaller disclosed checks repeatedly show up as Series A or other explicit stages in the $10M–$15M band, including Project Galaxy $10M (Series A, 2022-01-26), Gr4vy $15M (Series A, 2022-01-13), and Checkbook $10M (Series A, 2021-11-01).
Are there outliers in either disclosed amount or financing type that deserve extra scrutiny?
Yes. The top-end disclosed amounts cluster at $350M–$400M (Hercules Capital $350M on 2025-06-11; Ratio $400M on 2022-09-15; Zuora $400M on 2022-03-02), while the low end is Wellpay at $4M on 2020-04-09. There are also notable “middle outliers” by category, such as Tipalti’s $270M on 2021-12-08 (Series F), far above the multiple ~$10M–$15M Series A rounds in 2021–2022.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.