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November 20, 2017 09:00 am GMT
Earlier this month, U.K.-based challenger bank Monzo announced that it had raised a further 71 million in a round led by Goodwater Capital, giving the startup a post-money valuation of 280 million. However, what wasn’t reported at the time was that the round included 11 million in secondary investment, meaning that only 60 million entered the company’s balance sheet and… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/habNhLJEy5g/
Monzos latest round included 11M in secondary as founding employees partly cash in
Earlier this month, U.K.-based challenger bank Monzo announced that it had raised a further 71 million in a round led by Goodwater Capital, giving the startup a post-money valuation of 280 million. However, what wasn’t reported at the time was that the round included 11 million in secondary investment, meaning that only 60 million entered the company’s balance sheet and… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/habNhLJEy5g/
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