11th Jul 2022 17:09
Chrysalis Investments Ltd - investor in technology and finance startups - Notes that investee Klarna Holdings AB, a Swedish payment solutions provider, raised USD800 million in new financing, valuing the company at USD6.65 billion. This round was larger than expected and represents a discount to Chrysalis's current carrying value of the asset. Company's investment advisor believes the current valuation to be "very attractive" and the has therefore committed to its pro-rata entitlement of USD8.7 million. Consequently, the company will not suffer any dilution of its holding because of this funding round. Read More
