Funding round
Revolut Seed
Revolut, which works in digital banking services in London, raised $4.8M in a Seed round announced on 4 Feb 2016, led by Balderton Capital. 5 firms took part. It is Revolut's second venture round on record; the one before was a Seed in Jan 2015.
$4.8M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Revolut did not disclose a valuation in this round; its last disclosed one was $12M at the Seed (Jan 2015). It came 13 months after Revolut's Seed. It is under 1% of the $3.63B Revolut has raised in the venture rounds on record. Revolut raised again 5 months later: a Series A round of $8.7M in Jul 2016, at $42M post-money.
Revolut's funding rounds
Revolut has 8 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Jan 2015, led by Balderton Capital $2.3M$12M post-money
- Seed this round 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 4 other firms.
Lead investor
- Balderton Capital backs 140 venture-backed companies new investor
Also in the round
- Index Ventures backs 353 venture-backed companies new investor
- backs 112 venture-backed companies new investor
- backs 105 venture-backed companies new investor
- backs 42 venture-backed companies 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' Seed rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 25 Jul 2016 | $2.0M | not disclosed | Passion Capital |
| Banks & ATMs | 1 Sep 2016 | $2.0M | not disclosed | not named |
| Banks & ATMs | 1 Dec 2016 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Revolut raise in its Seed round?
Revolut raised $4.8M in its Seed round, announced in Feb 2016.
Who led Revolut's Seed round?
Balderton Capital led it, with Index Ventures, Seedcamp, Point Nine and Venrex.
What was Revolut's valuation at the Seed round?
It was not disclosed; its last disclosed one was $12M at the Seed (Jan 2015).
Did Revolut raise again after this round?
Yes: a Series A round in Jul 2016 of $8.7M at $42M post-money.