- Companies
- Dock
Last Dock valuation
$1.5B
Undisclosed stage · May 2022
Last Dock funding round
$110M
Undisclosed stage · May 2022
Cumulative funding Dock raised
$280M
across 2 funding rounds
Key investors in Dock
Viking Global Investors
Sunley House Capital Management
Temasek
Lightrock
Riverwood Capital
Silver Lake Waterman
About Dock
Dock is a São Paulo-headquartered financial infrastructure provider in Latin America. Its cloud platform combines core banking, card issuing, and payment processing for Pix and boleto. Serving Mercado Livre and Nubank, it processes billions in transactions annually across Brazil, Mexico, and Colombia.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Valuation
$1.5B (May 2022)
Dock Valuation
Dock is currently valued at $1.5B, based on its undisclosed-stage round in May 2022.
The $110M round was led by Lightrock and Silver Lake Waterman, with participation from Riverwood Capital, Viking Global Investors and Sunley House Capital Management.
Dock valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2022 | Undisclosed stage | $1.5B |
Dock Funding History
Dock has raised a total of $280M across 2 funding rounds.
Dock's first fundraising round was a $170M undisclosed-stage round in October 2020. The most recent completed round was a $110M undisclosed-stage round in May 2022.
Dock funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Undisclosed stage | Lightrock (lead); Silver Lake Waterman (lead); Riverwood Capital; Viking Global Investors; Sunley House Capital Management | $110M | $1.5B | Dock is a São Paulo-based fintech providing a full-stack payments and digital banking platform across Latin America. In December 2022, it raised $110 million in growth funding led by Lightrock and Silver Lake Waterman, with participation from Riverwood Capital, Viking Global Investors, and Sunley House Capital Management. This round brought the company's total valuation to over $1.5 billion. The funds are earmarked for accelerating product development and international expansion in Latin America. |
| Oct 2020 | Undisclosed stage | Viking Global Investors (lead); Temasek; Sunley House Capital Management | $170M | - | Dock (formerly Conductor) is a São Paulo-based Brazilian fintech infrastructure company providing a full-stack payments and digital banking platform, including card issuing and banking-as-a-service, to banks and fintechs primarily in Latin America. It was created in 2014 when Riverwood Capital and Antonio Soares (now CEO) bought out 100% of Conductor. Viking listed the investment as active from 2020. A later Series B round of $110 million in May 2022 led by Lightrock and Silver Lake Waterman valued Dock at over $1.5 billion, with participation from existing backers including Viking Global Investors, Sunley House Capital, and Riverwood Capital. By early 2022, Dock reported strong traction with 65 million active accounts via over 300 clients, processing over 5 billion transactions annually through its cloud platform. In December 2021, it handled 48.4 million total monthly active accounts (up 55% YoY) and saw active digital banking accounts rise 380% YoY. The platform enables embedded banking and payments, positioning Dock as a leader in fintech infrastructure amid high demand for financial inclusion in Latin America. |
Who has invested in Dock?
6 investors have backed Dock across its funding rounds, including Viking Global Investors, Sunley House Capital Management, Temasek, Lightrock, Riverwood Capital and Silver Lake Waterman.
Lead investors include Lightrock, Silver Lake Waterman and Viking Global Investors.
Dock Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2020 | ||
| 2 | Participant | Oct 2020 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | May 2022 | ||
This data is available for Pro users. Sign up to see all 6 Dock investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Dock
Dock has acquired 3 companies to date.
Last acquisition by Dock was on December 7th 2021. Dock acquired CacaoPaycard for undisclosed valuation.
Latest Acquisitions by Dock
| Description | CacaoPaycard is a Mexico-based fintech provider pioneering Fintech as a Service with embedded licensing for payment issuance. It enables businesses to launch accounts and payment solutions at reduced costs through a comprehensive platform supporting digital wallets and card programs across Latin America. | BPP is a Brazilian payments and financial solutions provider formerly known as Brasil Pré-pagos. It offers streamlined services for business transactions and financial management. Headquartered in Brazil, BPP empowers companies with practical payment tools via bpp.com.br. | Muxi is a Brazilian payment processing firm headquartered in Rio de Janeiro, evolving from APPI Tecnologia founded in 1993. It captures transactions for credit, debit, prepaid cards, freight, loyalty programs, health, mobile top-ups, and transport via POS, mobiles, tablets, PCs, and web. Services include integration, data centers, and network management. |
| HQ Country | |||
| HQ City | Mexico City | Curitiba | Rio de Janeiro |
| Deal Date | 7 Dec 2021 | 7 Oct 2021 | 30 Jul 2020 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Dock acquisitions and their M&A valuation multiples. Start Free Trial | |||
Dock Competitors
Dock competitors include listed companies like Paymentus and eFinance, and private ones like Billdesk, Juspay, Payhawk and Primer.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $99M | - | $1.8B | 18.2x | ||
| Private | $55M | - | $1.2B | 19.7x | ||
| Private | $45M | - | $1B | - | ||
| Publicly listed | $1.2B | $117M | $4.6B | 3.0x | ||
| Private | $4M | - | $425M | 106.3x | ||
| Publicly listed | $130M | $67M | $1.6B | - |
Dock Public Comps
Dock is still privately-owned, but its public comps include eFinance, Marqeta, Evertec, Fawry, PicPay, Isracard, Computer Age Management Services, Optasia, Jiangsu Tongxingbao and Eurowag.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $130M | $67M | 11.8x | - | 22.8x | - | |||
| $625M | $14M | 1.5x | 1.4x | 69.6x | 7.1x | |||
| $932M | $330M | 3.0x | 2.7x | 8.6x | 6.8x | |||
| $166M | $73M | 6.8x | 5.2x | 15.4x | 9.6x | |||
| $1.2B | $205M | 1.0x | 0.5x | 6.0x | 3.8x | |||
| $1.2B | $48M | 1.9x | - | 49.8x | - | |||
| $158M | $74M | 11.2x | 10.5x | 23.8x | 23.0x | |||
| $265M | $79M | 4.3x | 3.6x | 14.5x | 9.1x | |||
This data is available for Pro users. Sign up to see all Dock competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Dock
| When was Dock founded? | Dock was founded in 2014. |
| Where is Dock headquartered? | Dock is headquartered in São Paulo, Brazil. |
| Is Dock publicly listed? | No, Dock is a private, VC-backed company. |
| What is Dock's valuation? | Dock was last valued at $1.5B in its undisclosed-stage round in May 2022. |
| How much funding has Dock raised? | Dock has raised $280M across 2 funding rounds. |
| What was Dock's last funding round? | Dock's last funding round was a $110M undisclosed-stage round in May 2022, led by Lightrock and Silver Lake Waterman. |
| Who are Dock's investors? | Dock's investors include Viking Global Investors, Sunley House Capital Management, Temasek, Riverwood Capital, Silver Lake Waterman and Lightrock. |
| Which companies are comparable to Dock? | Companies comparable to Dock include Billdesk, Juspay, Payhawk, Paymentus, Primer and eFinance. |
| How many companies has Dock acquired? | Dock has acquired 3 companies, including CacaoPaycard, BPP and Muxi. |
See companies similar to Dock
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




