Monzo raised £340M in a funding round led by CapitalG, with participation from GV and HSG, to accelerate expansion plans and increase post-money valuation to £4 billion.
Mar 05, 2024•over 1 year ago
Amount Raised
£340 Million
LondonBankingLendingFinancial ServicesInvestors
TencentPassion CapitalHsg (Hong Shan Capital)Gv (Google Ventures)Capital G
Description
Monzo, the UK's largest digital bank, raised £340 million in a funding round to boost its expansion plans, led by CapitalG, with participation from GV, HSG, Passion Capital, and Tencent. The round values Monzo at an increased post-money valuation of £4 billion.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech