Funding round
Revolut Seed
Revolut, which works in digital banking services in London, raised $2.3M in a Seed round announced on 1 Jan 2015, led by Balderton Capital, at a $12M post-money valuation. 2 firms took part. It is Revolut's first venture round on record.
$2.3M
Amount raised
1,500,000 GBP converted
$12M
Post-money valuation
2
Investors
1 lead
19%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Revolut at $12M after the new money. The $2.3M bought investors about 19% of the company. It is Revolut's first venture round on record, in the year it was founded (2015). It is under 1% of the $3.63B Revolut has raised in the venture rounds on record. Revolut raised again 13 months later: a Seed round of $4.8M in Feb 2016. Its next priced round, a Series A in Jul 2016, valued it at $42M.
Revolut's funding rounds
Revolut has 8 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 1 Jan 2015, led by Balderton Capital $2.3M$12M post-money
- Seed 4 Feb 2016, led by Balderton Capital $4.8M
- Series A 1 Jul 2016, led by Index Ventures $8.7M$42M post-money
- Series B 11 Jul 2017, led by Index Ventures $66M$300M post-money
- Series C 26 Apr 2018, led by DST Global $250M$1.70B post-money
- Series D 25 Feb 2020, led by Technology Crossover Ventures $500M$5.50B post-money
- Series E 15 Jul 2021, led by SoftBank Vision Fund and Tiger Global $800M$33.00B post-money
- Other not a venture round 27 Aug 2024 $45.00B
- Growth 19 Sep 2025, led by Coatue, Greenoaks and Dragoneer Investment Group $2.00B$75.00B post-money
Investors
Who put money in
Balderton Capital led the round with 1 other firm.
Lead investor
- Balderton Capital backs 140 venture-backed companies new investor
Also in the round
- backs 112 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
The closest in time, other companies' Seed rounds in Banks & ATMs:
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Revolut raise in its Seed round?
Revolut raised $2.3M in its Seed round, announced in Jan 2015.
Who led Revolut's Seed round?
Balderton Capital led it, with Seedcamp.
What was Revolut's valuation at the Seed round?
$12M post-money.
Did Revolut raise again after this round?
Yes: a Seed round in Feb 2016 of $4.8M.