Klarna confirms $800M raise as valuation drops 85% to $6.7B
European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop.
Klarna confirmed today that it’s now valued at $6.7 billion off the back of its new investment, representing an 85% drop on the corresponding figure reported in June, 2021.
The round included a slew of new and existing investors, including Sequoia, Silver Lake, Commonwealth Bank of Australia, the UAE’s sovereign fund Mubadala Investment Company and Canada Pension Plan Investment Board (CPP Investments).
