Total amount raised
$1.7 Billion
Latest funding date
8/1/2024
Location
Revolut has successfully raised substantial funding through 23 rounds, attracting notable investors such as Andreessen Horowitz, Fidelity, and Coatue. The platform offers a comprehensive suite of financial services, including banking, money transfers, foreign exchange, and spending analytics.
Keep reading to explore the intricacies of Revolut's fundraising journey and the investors backing this innovative platform.
What Is Revolut?
Revolut is a financial technology company headquartered in London, England, United Kingdom. It offers a comprehensive suite of services, including banking, money transfers, foreign exchange, and spending analytics. The company operates with a substantial employee base of over 10,001 employees.
Founded by Nikolay Storonsky and Vlad Yatsenko, Revolut has grown rapidly, attracting significant funding and a large customer base. The platform is known for its innovative approach to financial services, providing users with a seamless and secure experience.
How Much Funding Has Revolut Raised?
- Series D
- Amount Raised: USD 80,000,000
- Date: July 2020
- Lead Investors: TSG Consumer Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its product offerings and scale its operations globally.
- Secondary Market
- Amount Raised: USD 5,470,000
- Date: August 2021
- Lead Investors: Manhattan Venture Partners (MVP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series E
- Amount Raised: USD 800,000,000
- Date: July 2021
- Lead Investors: SoftBank Vision Fund, Tiger Global Management
- Valuation at Round: USD 33,000,000,000
- Motivation Behind the Round: To capitalize on the tech market's COVID-19 boom and expand its services.
- Series Unknown
- Amount Raised: USD 13,700,000
- Date: August 2021
- Lead Investors: Woodford Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Undisclosed
- Amount Raised: USD 110,000,000
- Date: April 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its technological infrastructure and expand its market reach.
- Secondary Market
- Amount Raised: Not specified
- Date: August 2024
- Lead Investors: Coatue, D1 Capital Partners, Tiger Global Management
- Valuation at Round: USD 45,000,000,000
- Motivation Behind the Round: To provide liquidity to employees and prepare for a potential IPO.
- Undisclosed
- Amount Raised: USD 10,000,000
- Date: February 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and product development.
- Secondary Market
- Amount Raised: Not specified
- Date: November 2025
- Lead Investors: Coatue, Dragoneer Investment Group, Fidelity, Greenoaks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to shareholders and support long-term growth.
Total Amount Raised: USD 1,018,170,000. Current Valuation: USD 45,000,000,000.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a venture capital firm known for investing in technology companies. It has a strong reputation for backing innovative startups and established tech giants.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Airbnb, Slack.
- Fidelity
- Details: Fidelity is a multinational financial services corporation. It offers a wide range of investment management, retirement planning, and brokerage services.
- Investment Focus Areas: Financial services, technology, healthcare.
- Notable Investments: Uber, SpaceX, Airbnb.
- Coatue
- Details: Coatue is a global investment manager focused on public and private companies in the technology, media, and telecommunications sectors. It is known for its data-driven investment approach.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap, DoorDash, ByteDance.
- Dragoneer Investment Group
- Details: Dragoneer Investment Group is an investment firm focused on long-term investments in technology companies. It aims to partner with exceptional management teams to build enduring businesses.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Airbnb, Spotify, Uber.
- Greenoaks
- Details: Greenoaks is an investment firm that invests in technology companies globally. It focuses on high-growth companies with the potential for significant market impact.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Stripe, Robinhood, Brex.
What's Next for Revolut?
Revolut's future looks promising with its recent $45 billion valuation, driven by a secondary share sale. This milestone opens up significant opportunities, including the potential for an IPO, possibly on the Nasdaq. The company is poised to expand its services, offering loans, overdrafts, and savings products to its 9 million UK customers, leveraging its new banking license.
Future fundraising opportunities are bright, with strong interest from institutional investors like Coatue and Tiger Global. However, Revolut will need to navigate challenges such as maintaining profitability, regulatory compliance, and competition from other neo-banks like Monzo and Starling. The fintech industry trends, including the growing popularity of digital financial services, will play a crucial role in shaping Revolut's path forward.
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