Total amount raised
$1.7 Billions
Latest funding date
Location
Title
Revolut has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company offers a comprehensive financial technology platform that includes banking services, money transfers, 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, founded in July 2015 by Nikolay Storonsky and Vlad Yatsenko, is a financial technology company based in London, England. The company offers a comprehensive range of financial services, including banking, money transfers, foreign exchange, and spending analytics.
Initially starting as a platform for prepaid debit cards and currency exchange, Revolut has expanded its offerings to include cryptocurrency trading, stock trading, and insurance. The company is known for its innovative mobile app, which allows users to manage their finances seamlessly.
With over 10,001 employees, Revolut continues to grow and innovate in the financial technology space, providing services to millions of users worldwide.
How Much Funding Has Revolut Raised?
- Round Name: Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: March 2019
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive non-equity assistance for growth and development.
- Round Name: Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their service offerings and market reach.
- Round Name: Series D
- Amount Raised: $500M
- Date: February 2020
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Round Name: Series D
- Amount Raised: $80M
- Date: July 2020
- Lead Investors: TSG Consumer Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their market presence and product offerings.
- Round Name: Series E
- Amount Raised: $800M
- Date: July 2021
- Lead Investors: SoftBank Vision Fund, Tiger Global Management
- Valuation at Round: $33B
- Motivation Behind the Round: To capitalize on the increased interest in fintech during the pandemic.
- Round Name: Venture Round
- Amount Raised: $13.7M
- Date: August 2021
- Lead Investors: Woodford Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and innovation.
- Round Name: Secondary Market
- Amount Raised: $5.5M
- Date: August 2021
- Lead Investors: Manhattan Venture Partners (MVP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to existing shareholders.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To offer liquidity to shareholders.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to shareholders.
- Round Name: Secondary Market
- Amount Raised: Not publicly disclosed
- Date: August 2024
- Lead Investors: Coatue, D1 Capital Partners, Tiger Global Management
- Valuation at Round: $45B
- Motivation Behind the Round: To provide liquidity to employees and shareholders.
Revolut has raised a total of $1.4B with a current valuation of $45B.
Key Investors
- Coatue
- Details: Coatue is a global technology-focused investment firm. It manages both public and private equity funds.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: ByteDance, DoorDash, Snap Inc.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that deploys capital globally in both public and private markets. It is known for its aggressive investment strategy in technology companies.
- Investment Focus Areas: Technology, consumer, industrial sectors
- Notable Investments: Facebook, LinkedIn, Spotify
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group. It is one of the largest technology-focused investment funds in the world.
- Investment Focus Areas: Technology, telecommunications, energy
- Notable Investments: Alibaba, Uber, WeWork
- D1 Capital Partners
- Details: D1 Capital Partners is an investment firm that invests in both public and private markets. It focuses on long-term growth opportunities.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Stripe, Instacart, Robinhood
- TSG Consumer Partners
- Details: TSG Consumer Partners is a private equity firm that specializes in growth capital investments in consumer brands. It has a strong track record of successful investments.
- Investment Focus Areas: Consumer products, retail, food and beverage
- Notable Investments: Vitaminwater, Popchips, Smashbox
What's Next for Revolut?
Revolut's future looks promising with the expansion of its financial services in the UK, including loans, overdrafts, and savings products. The company's recent valuation boost to $45 billion underscores the significant market opportunity, especially with 45 million customers and $2.2 billion in revenue reported in 2023. The potential for an Initial Public Offering (IPO) on Nasdaq could further elevate its market position and attract substantial capital.
However, Revolut will need to navigate several challenges, including competition from other neo-banks and major financial institutions. Regulatory compliance and managing growth while ensuring profitability will be critical. Despite these hurdles, the company's strong investor backing and innovative approach position it well for continued success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Revolut and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
