Funding round
Currencies Direct Growth
Reported as "Growth Equity"
Currencies Direct, which works in international currency transfer services in London, raised $184M in a Growth round announced on 8 Mar 2022, led by Blackstone. 1 firm took part.
$184M
Amount raised
140,000,000 GBP converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Currencies Direct did not disclose a valuation in this round. It is Currencies Direct's first venture round on record, 26 years after it was founded in 1996. No later venture round is on record for Currencies Direct.
Currencies Direct's funding rounds
This is the only venture round on record for Currencies Direct.
- Debt not a venture round 18 Mar 2021 $230M
- Growth this round 8 Mar 2022, led by Blackstone $184M
Investors
Who put money in
Blackstone led the round.
Lead investor
- Blackstone backs 83 venture-backed companies new investor
Joined the board: Blackstone (Blackstone Tactical Opportunities).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and acquisitions.
- Geographic expansion
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| BYJU'S Learning, Tutoring & Courses | 11 Mar 2022 | $800M | $22.00B | not named |
| Cross River Banks & ATMs | 30 Mar 2022 | $620M | $3.00B | Eldridge and Andreessen Horowitz |
| Doctolib Tech Companies | 15 Mar 2022 | $550M | $6.40B | Eurazeo |
| Tech Companies | 16 Mar 2022 | $250M | $1.00B | Vista Equity Partners |
| Oil & Gas - Extraction & Distribution | 1 Mar 2022 | $250M | not disclosed | Continental Resources |
| Payment Processing & Point of Sale | 8 Mar 2022 | $245M | $1.00B | Blue Star Innovation Partners |
| Vitamins & Supplements | 10 Mar 2022 | $240M | not disclosed | i80 Group |
| Banks & ATMs | 21 Mar 2022 | $230M | not disclosed | Apax Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Currencies Direct raise in its Growth round?
Currencies Direct raised $184M in its Growth round, announced in Mar 2022.
Who led Currencies Direct's Growth round?
Blackstone led it.
What was Currencies Direct's valuation at the Growth round?
It was not disclosed.