# Pine Labs funding: rounds and investors

> Pine Labs has raised $207M across 2 rounds since 2018. Investors include Temasek Holdings, PayPal Ventures and Actis Capital/ Altimeter.

Source: https://millionrounds.com/company/pine-labs (Millionrounds; every figure on the page links to its filing or article)

India · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Pine Labs*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech

Valuation: $5.0B, Mar 2026

Funding summary Updated 26 Oct 2026

**$207M** raised across 2 rounds since 2018, from 2 sources

**$82M** Round **$125M** Round

- **Latest round:** Round, $125M May 2018
- **Step-up i:** 1.5×
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019

**$82M** Round

**$125M** Round

- **First round:** Round, $82M
- **Biggest round:** $125M
- **Between rounds:** 3 months

## The rounds

- **May 2018** Round **$125M** *2 new* [Temasek Holdings](https://millionrounds.com/fund/temasek) [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Reported by VCCircle
- **Mar 2018** Round **$82M** *1 new* Actis Capital/ Altimeter Reported by VCCircle

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2018 **Round** 2018 [Temasek Holdings](https://millionrounds.com/fund/temasek) [PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Actis Capital/ Altimeter

## Everyone who backed them

[Temasek Holdings](https://millionrounds.com/fund/temasek) VC firm **1** round

[PayPal Ventures](https://millionrounds.com/fund/paypal-ventures) Corporate VC **1** round

Actis Capital/ Altimeter no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=pine-labs).

## Also claim to have backed them

These 4 firms list Pine Labs as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) Private equity Per its own site

[VestedVC](https://millionrounds.com/fund/vestedvc) VC firm Per its own site

[Formulate Ventures](https://millionrounds.com/fund/formulate-ventures) VC firm Per its own site

[Kenro Capital](https://millionrounds.com/fund/kenro-capital) Growth equity Per its own site

## Quick answers about Pine Labs

### Who invested in Pine Labs?

Pine Labs's investors include Temasek Holdings, PayPal Ventures and Actis Capital/ Altimeter.

### How much has Pine Labs raised?

Pine Labs has raised $207M across 2 rounds since 2018.

### When did Pine Labs last raise?

Pine Labs's most recent round was an Undisclosed round of $125M in May 2018.

### What was Pine Labs's biggest round?

Its most recent round, $125M in May 2018, is also its largest on record.

### Who backed Pine Labs first?

Pine Labs's first round on record, in Mar 2018, was backed by Actis Capital/ Altimeter.

### What stage is Pine Labs at?

Pine Labs's latest named round is an Undisclosed round, in May 2018.

### Where is Pine Labs based?

Pine Labs is based in India.

## Companies like Pine Labs

In the same sector, and raised in the last eighteen months.

[**RocketPay** $1.1M · Oct 2026](https://millionrounds.com/company/rocketpay)[**NeoGrowth** $99M · Oct 2026](https://millionrounds.com/company/neogrowth)[**StockGro** $28M · Oct 2026](https://millionrounds.com/company/stockgro)[**Jeeves** $210M · Sept 2026](https://millionrounds.com/company/jeeves)[**Kissht** $97M · Sept 2026](https://millionrounds.com/company/kissht)[**Navi** $100M · Aug 2026](https://millionrounds.com/company/navi)

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