Credit Karma
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Investors
Founders
About
Credit Karma is a personal finance platform founded in 2007 by Kenneth Lin, Ryan Graciano, and Nichole Mustard in San Francisco 12. The company provides free credit scores, credit monitoring, and financial product recommendations to over 110 million members 3. Intuit completed its acquisition of Credit Karma on December 3, 2020, for approximately $8.1 billion in a combination of $3.4 billion in cash and 13.3 million shares of Intuit stock and equity awards valued at $4.7 billion 3.
Funding History
| Round | Date | Amount | Lead Investor(s) | Key Co-Investors | Valuation |
|---|---|---|---|---|---|
| Angel | 2008 | $500K | Pathfinder | — | — |
| Series A | 2009 | $2.5M | QED Investors | SV Angel, Felicis Ventures, Founders Fund | — |
| Series B | Mar 2013 | $30M | Ribbit Capital, Susquehanna Growth Equity | Felicis Ventures | — |
| Series C | Mar 2014 | $85M | CapitalG (Google Capital) | Tiger Global Management | — |
| Series C Extension | Sep 2014 | $75M | CapitalG | Tiger Global, Susquehanna Growth Equity | $1B |
| Series D | Jun 2015 | $175M | Tiger Global, Valinor Management, Viking Global | — | $3.5B (pre-money) |
| Secondary | Mar 2018 | $500M | Silver Lake Partners | — | $4B |
| Acquisition | Dec 2020 | $8.1B | Intuit (acquirer) | — | $8.1B |
What Investors Say
No independently sourced investor testimonials found.
What Founders Say
No independently sourced founder testimonials found.
Sources
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Crunchbase News, “As Intuit Buys Credit Karma For $7.1B, A Quick Look Back At Its Funding History,” February 2020. https://news.crunchbase.com/venture/as-intuit-eyes-credit-karma-for-7b-a-quick-look-back-at-its-funding-history/↩↩
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Credit Karma, “Credit Karma Secures $30 Million In Series B Funding,” April 2013. https://www.creditkarma.com/about/releases/credit-karma-seriesb-funding↩↩
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Intuit Investor Relations, “Intuit Completes Acquisition of Credit Karma,” December 2020. https://investors.intuit.com/news-events/press-releases/detail/202/intuit-completes-acquisition-of-credit-karma↩↩↩
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TechCrunch, “Credit Karma Confirms New $85M Financing Round Led By Google Capital,” March 2014. https://techcrunch.com/2014/03/12/credit-karma-confirms-new-85m-financing-round-led-by-google-capital/↩
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Credit Karma, “Credit Karma Announces $75MM in New Investments from Existing Investors Google Capital, Tiger Global Management and Susquehanna Growth Equity,” September 2014. https://www.creditkarma.com/about/releases/credit-karma-announces-75mm-in-new-investments-from-existing-investors↩
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Credit Karma, “Credit Karma Raises $175 Million Series D,” June 2015. https://www.creditkarma.com/about/releases/credit-karma-raises-175-million-series-d-to-accelerate-plans-to-reengineer-personal-finance↩
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Credit Karma, “Credit Karma and Silver Lake Announce $500 Million Strategic Secondary Investment,” March 2018. https://www.creditkarma.com/about/releases/credit-karma-silver-lake-500-million-investment↩