Moss in a €25 million series A extension round backed by Valar Ventures.

Moss, a Berlin Germany-based B2B financial services provider, announced a €25 million ($29.2M) funding extension of its series A capital round.

The series A round was announced in January 2021 at €21 million.

The money was raised from Peter Thiel’s VC firm Valar Ventures, as well as from Berlin-based Cherry Ventures and Global Founders Capital. The company says the deal puts a corporate value of €226 million ($264M).

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 around 8,500 credit cards (both physical and virtual) via which it processed over 100,000 transactions.