7 June 2022

Backbase raises EUR 120M in Series A funding round at a EUR 2.5B valuation

Klaas de VriesBob de Waard+ 6 other team members
De Brauw has advised Backbase on its first venture capital funding round (Series A), raising EUR 120 million growth capital at EUR 2.5 billion valuation. Backbase is a global fintech company that provides the leading Engagement Banking Platform that empowers banks and other financial institutions to help digitize their processes. The investment was effectuated by a primary offering to Motive Partners, a fintech specialist private equity firm. Backbase is Motive Partners’ first Dutch investment.