Funding round
N26 Series C
N26, which works in digital banking services in Berlin, raised $160M in a Series C round announced on 20 Mar 2018, led by Tencent Holdings Ltd., Allianz X and Allianz. 3 firms took part, 1 of them already investors. It is N26's fourth venture round on record; the one before was a Series B in Jun 2016.
$160M
Amount raised
Not disclosed
Post-money valuation
3
Investors
3 leads
Valuation
What this round says about the price
N26 did not disclose a valuation in this round. It came 21 months after N26's Series B. It is 11% of the $1.41B N26 has raised in the venture rounds on record. N26 raised again 10 months later: a Series D round of $300M in Jan 2019, at $2.70B post-money.
N26's funding rounds
N26 has 6 venture rounds on record. This one is highlighted.
- Seed 1 Jun 2014, led by Earlybird $2.0M
- Series A 16 Apr 2015, led by Valar Ventures $11M
- Series B 21 Jun 2016, led by Horizons Ventures $40M
- Series C this round 20 Mar 2018, led by Tencent Holdings Ltd., Allianz X and Allianz $160M
- Series D 9 Jan 2019, led by Insight Partners and GIC $300M$2.70B post-money
- Series E 18 Oct 2021, led by Third Point Ventures and Coatue $900M$9.00B post-money
Investors
Who put money in
Tencent Holdings Ltd., Allianz X and Allianz led the round. Allianz X had backed N26 before.
Lead investors
- Tencent Holdings Ltd. new investor
- Allianz X backs 23 venture-backed companies existing investor
- Allianz new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Banks & ATMs:
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did N26 raise in its Series C round?
N26 raised $160M in its Series C round, announced in Mar 2018.
Who led N26's Series C round?
Tencent Holdings Ltd., Allianz X and Allianz led it.
What was N26's valuation at the Series C round?
It was not disclosed.
Did N26 raise again after this round?
Yes: a Series D round in Jan 2019 of $300M at $2.70B post-money.