Moss closes €75 million Series B funding round backed by Tiger Global and A-Star.

Moss, a Berlin Germany-based B2B financial services provider, announced closing series B of an equity round closed at €75 million ($85.2M).

The money was raised from investors led by Americans from Tiger Global, with participations from A-Star. The deal is said to value the company at €500 million.

The proceeds will be used for further expansion, product development, and staff growth.

Moss, founded as Vanta in 2019 by Stephan Haslebacher, Ferdinand Meyer, Anton Rummel and CEO Ante Spittler, is a B2B software company whose final product is a combination of software and a business credit card, offered in cooperation with Raisin Bank.

The cards allow  customers to have access not only to high credit limits in conjunction with virtual and physical employee credit cards, but also to a versatile spend management software. The company says it issued more than 20,000 physical and virtual credit cards and processed over 250,000 transactions.

Moss previously raised €46 million in a series A round split in two €21 million closed in January 2021 and a €25 million extension in August 2021 from Peter Thiel’s VC firm Valar Ventures, as well as from Berlin-based Cherry Ventures and Global Founders Capital