Sources: Klarna is nearing a deal to raise ~$650M mostly from existing investors led by Sequoia Capital at a ~$6.5B valuation, down from $45.6B in June 2021
The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021
Wall Street Journal
Related Coverage
- Klarna Discussing Valuation Cut to $6 Billion From $45.6 Billion Bloomberg
- Klarna valuation crashes to $6.5bn from $46bn Financial Times
- How Low Can Klarna Go? Potential New Deal Will Slash Valuation to $6.5B Observer · James Ledbetter
- Huge Haircut: Klarna to Raise Money at $6.5 Billion, Down from Whopping $45.6 Billion Valuation Crowdfund Insider · JD Alois
- Klarna Valuation Drops Nearly 90% as BNPL Leader Prepares for Fresh Funding PYMNTS.com
- Klarna valuation to drop from $46bn to $6.5bn in new funding round - WSJ Finextra
- Klarna may be worth a lot less than it was a year ago Protocol · Tomio Geron
- Fintech Klarna reportedly raising at a $6.5B valuation, giving new meaning to the phrase ‘down round’ TechCrunch · Mary Ann Azevedo
- Klarna To Raise Fresh Cash at Slashed $6.5 Billion Valuation Slashdot · Msmash
Discussion
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@jeffnolan
Jeff Nolan
on x
This lays bare the emerging reality that private market valuations will see the same declines as public market companies. https://twitter.com/...
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@pip_net
Philipp Kloeckner
on x
Next up: New wave of layoffs, I'm afraid. 1st of July would have been good timing. Still, not too late for an all hands. It's always 10am somewhere in the world, I guess... https://twitter.com/...
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@timsteno
Tim Stenovec
on x
From $46 billion to $6.5 billion. Now that's a down round. https://www.wsj.com/...
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@joemccann
@joemccann
on x
Down rounds aren't just for web3 startups. @Klarna out with a discount. https://www.wsj.com/...
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@lesliepicker
Leslie Picker
on x
Wow huge down round. This is more wealth destruction (mark-to-market) than WeWork, no? https://twitter.com/...
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@dalygavin
Gavin Daly
on x
The funny thing is, I'd be delighted if I founded/owned/ran a company worth $6.5bn. But they're probably not feeling like that right now. . . https://twitter.com/...
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@alderlaneeggs
Marc Cohodes
on x
This is more like it, cant wait to see what D1 and Tiger Global start marking their garbage https://twitter.com/...
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@carnage4life
Dare Obasanjo
on x
I knew down rounds were coming for late stage fintech startups but seeing Klarna go from $45.6B to $6.5B is still stunning. It makes sense given public companies like Affirm & PayPal are -75% since last year but it's still a shock to see play out. https://www.wsj.com/...
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@danprimack
Dan Primack
on x
It had been Europe's most valuable startup. It has now been de-dragoned. https://twitter.com/...
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@stevekovach
Steve Kovach
on x
Another massive valuation drop in crypto/fintech/payments https://www.wsj.com/...
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@kr00ney
Kate Rooney
on x
-86.67% drop in valuation for #Klarna per @WSJ Abooooout in line with what we've seen in publicly traded BNPL competitor Affirm. $AFRM stock -82% ytd https://twitter.com/... https://twitter.com/...
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@nope_its_lily
Lily
on x
BNPL was a short rates short volatility play. Who knew??? https://twitter.com/...