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MX Raises $300 Million; Nate Gardner Discusses Funding Round

April 22, 2021|0 min read
Originally Published on April 22, 2021
On January 13, 2021, MX raised $300 million in Series C funding—the largest investment round in Utah history. This fourth fundraising round has increased the company’s valuation to approximately $1.9 billion. The round was led by a $150 million investment from TPG, a private fund based in San Francisco. Other investors in the round include Pelion Venture Partners of Salt Lake City, UT; Regions Financial Corporation of Birmingham, AL; Point72 Ventures and GreyCroft of New York; Geodesic Capital of Foster City, CA; Digital Garage of Tokyo; Capital G of Mountain View, CA; and Canapi of Wilmington, NC. With this massive $300 million Series C, the Lehi, UT-based fintech has now raised $475 million in funding.
“Financial strength is highly connected to socially important things such as family unity or a person’s ability to succeed to education. Issues such as substance abuse and criminal tendencies have a significant correlation with financial stress, -Gardner”


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