Funding round
Monzo Series H+
Reported as "Series I"
Monzo, which works in personal banking account services in London, raised $534M in a Series H+ round announced on 31 Dec 2024, led by CapitalG and GV. 3 firms took part. It is Monzo's sixth venture round on record; the one before was a Growth in May 2024.
$534M
Amount raised
425,000,000 GBP converted
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
Monzo did not disclose a valuation in this round; its last disclosed one was $5.20B at the Growth (May 2024). It came 7 months after Monzo's Growth. It is 49% of the $1.09B Monzo has raised in the venture rounds on record. No later venture round is on record for Monzo.
Monzo's funding rounds
Monzo has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Other not a venture round 20 Oct 2016, led by Passion Capital $5.9M$61M post-money
- Series C 29 Mar 2017 $27M$133M post-money
- Series D 6 Nov 2017, led by Stripes and Goodwater Capital $93M
- Growth 25 Jun 2019, led by Y Combinator $144M$2.55B post-money
- Growth 7 Jan 2022 $100M$4.50B post-money
- Growth 8 May 2024 $190M$5.20B post-money
- Series H+ this round 31 Dec 2024, led by CapitalG and GV $534M
Investors
Who put money in
CapitalG and GV led the round with 1 other firm.
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series H+ rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 17 Dec 2024 | $10.00B | $62.00B | not named |
| Cohesity Tech Companies | 10 Dec 2024 | $2.00B | not disclosed | not named |
| Tech Companies | 27 Jan 2025 | $5.0M | not disclosed | 10x Founders Fund |
| Tech Companies | 3 Feb 2025 | $4.0M | not disclosed | not named |
| Pharmaceutical Products | 12 Sep 2024 | $100M | not disclosed | AMR Action Fund and ICG |
| Batteries | 6 Sep 2024 | $87M | $1.30B | Nuovo+ |
| Software Development Services | 8 Apr 2025 | $13M | not disclosed | not named |
| Stash Investment Consultants & Financial Advisors | 12 May 2025 | $146M | not disclosed | Goodwater Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Monzo raise in its Series H+ round?
Monzo raised $534M in its Series H+ round, announced in Dec 2024.
Who led Monzo's Series H+ round?
CapitalG and GV led it, with Hedosophia.
What was Monzo's valuation at the Series H+ round?
It was not disclosed; its last disclosed one was $5.20B at the Growth (May 2024).