Private Valuation & Funding Round Tracker · Monzo

Monzo funding rounds & valuation history

Name: Monzo Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Monzo, the London digital bank, from its 2019 Series F to the 2026 funding talks, in pounds as stated, sourced to Monzo, TechCrunch, Sifted, CNBC, Taylor Wessing and Sky News reporting.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 7 Currency: £ (pound sterling), nominal, as reported; the 2024 secondary is in US$ as reported

⬇ Download CSV Cite this dataset Methodology & status definitions

Last closed round Closed

£4.1B

£150M Series I extension, May 2024

Latest signal Talks

~£7B

D.E. Shaw-led round in talks, Nov 2026

Down round, 2020

0.63×

£1.25B vs £2B (GNF calc.)

Employee sale

$5.9B

Secondary, Oct 2024 (US$ only)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Monzo funding rounds, secondary sale and talks, June 2019 to November 2026 (in £)
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
9 Nov 2026	Reported talks	Funding round (talks)Reported talks, not closed; Monzo and D.E. Shaw declined to comment. Sifted: “weeks after talks for a potential takeover apparently collapsed”; Sky News (via Disruption Banking) says those Nubank (Nu Holdings) talks had contemplated £8bn–£10bn.	£300M–£500M	D.E. Shaw (in talks to lead)	About £7B (talks)Reported (Sky News, via Sifted): “a valuation of around £7bn”; Sky’s sources say pre-money and that terms are not fixed	—Not disclosedTalks-stage or discussed figure; no multiple	Sifted, 9 Nov 2026Also: Disruption Banking (citing Sky News), 9 Nov 2026
11 Oct 2024	Tender	Employee secondary saleGave employees liquidity; no new primary capital.	Not stated	Existing investors incl. GIC and StepStone Group	$5.9B (US$)Reported in US$ only (TechCrunch, Sifted); GBP cells left empty, not converted	—Not disclosedTender price, not a new round; no multiple	TechCrunch, 11 Oct 2024Also: Sifted, 11 Oct 2024
8 May 2024	Closed round	Series I extensionSecond tranche of the Series I; total 2024 primary funding $610M (CNBC).	£150M$190M (TechCrunch, CNBC)	Hedosophia (new)With: CapitalG	£4.1BPost-money, per Monzo (TechCrunch); $5.2B (CNBC)1.03× vs prior closed	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 8 May 2024Also: CNBC, 8 May 2024
5 Mar 2024	Closed round	Series IMonzo said its share price stayed at £14.41.	£340M$430M (Monzo)	CapitalGWith: GV, HongShan Capital, Passion Capital, Tencent	£4BPost-money (£3.6B pre-money), stated by Monzo1.18× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Monzo, 5 Mar 2024Also: TechCrunch, 5 Mar 2024
8 Dec 2021	Closed round	Series HFirst close £360M ($480M) on 8 Dec 2021, with a second close to follow (Monzo, Taylor Wessing). No step-up: the 2020 figure is pre-money or of unclear basis.	More than £377MMore than $500M (Monzo)	Abu Dhabi Growth FundWith: Coatue, Alpha Wave Ventures (new); Accel, General Catalyst and others	£3.4BStated by Monzo: “a valuation of $4.5bn (£3.4bn)”	—Not disclosedNo run-rate stated in the announcement	Monzo, 8 Dec 2021Also: Taylor Wessing, 10 Dec 2021
16 Jun 2020	Closed round	Series GA down round: both sources describe a 40% drop from the 2019 valuation. Step-up uses £1.25B (GNF calc.).	£60M	Existing investorsWith: Reference Capital, Vanderbilt University (new)	£1.24B–£1.25BTechCrunch: £1.24B pre-money; Sifted: £1.25B0.63× vs prior closed	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 16 Jun 2020Also: Sifted, 16 Jun 2020
24 Jun 2019	Closed round	Series FTechCrunch: double the £1B valuation of October 2018.	£113M	Y Combinator Continuity	£2BPost-money (TechCrunch)	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 24 Jun 2019

Step-up = valuation ÷ the prior closed valuation, in pounds (GNF calc.). Talks and secondary sales carry no step-up.

Valuation at each closed round (£)

Pound valuations at closed rounds. The 2024 employee sale ($5.9B, US$ only) and the 2026 talks (about £7B) are not plotted.

Series FJun 2019£2B
Series GJun 2020£1.25B
Series HDec 2021£3.4B
Series IMar 2024£4B
Series I ext.May 2024£4.1B

Sources: Monzo; TechCrunch; Sifted. £ billions, linear scale; not converted.

Timeline

Each round, share sale and reported talks, oldest first.

24 Jun 2019 · Closed
Series F: £113M led by YC Continuity at £2B post-money.
16 Jun 2020 · Closed
Series G down round: £60M at £1.24B–£1.25B.
8 Dec 2021 · Closed
Series H: more than £377M led by Abu Dhabi Growth Fund at £3.4B.
5 Mar 2024 · Closed
Series I: £340M led by CapitalG at £4B post-money.
8 May 2024 · Closed
Series I extension: £150M at £4.1B.
11 Oct 2024 · Secondary
Employee share sale at $5.9B.
9 Nov 2026 · Talks
D.E. Shaw in talks to lead £300M–£500M at about £7B.

Still private: Monzo has not filed for an IPO and is not owned by a listed company. Takeover talks with Nubank collapsed in 2026, and D.E. Shaw is reported to be in talks to lead a new round at about £7B (Sifted). These are talks, not a closed round.

Cite this dataset

Free to quote with a link back. Copy this citation:

Monzo Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/monzo/

Download the data

The same 7 rows as the table: numeric pound sterling (GBP) columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: monzo-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/monzo-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_gbp_low, amount_gbp_high, lead_or_buyer, co_leads, valuation_gbp_low, valuation_gbp_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_gbp_low, price_per_share_gbp_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Reported talks

A raise reported by the press as under discussion and not confirmed as closed. Not charted, not the last-closed valuation; no step-up or multiple.

Tender

A sale of existing shares (employee tender, secondary or buyback). It brings no new primary capital, so it is Status, not the last-closed valuation; no step-up or multiple.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

Rounds before 2019 (including crowdfunding), the December 2020 Series G extension, and the terms of the abandoned Nubank talks.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled (batch 2, not yet published).

Monzo Funding Rounds & Valuation History (2019–2026)