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Credit Card Startup Petal Reaches an $800 Million Valuation

  • Tarsadia Investments leads $140 million funding round
  • Valar Ventures, CUNA Mutual, Encore Bank, RiverPark invested
Petal credit cards
Petal credit cardsSource: Petal

Petal, a credit-card startup, has raised $140 million in a funding round led by Tarsadia Investments.

The funding round values the New York-based company at $800 million, according to a person with knowledge of the matter. Valar Ventures, CUNA Mutual, Encore Bank, Volery Capital Partners, Gopher Asset Management, RiverPark Ventures, Afore Capital and Gaingels are among other participating investors, the company said.