Funding round
Revolut Series B
Revolut, which works in digital banking services in London, raised $66M in a Series B round announced on 11 Jul 2017, led by Index Ventures, at a $300M post-money valuation. 3 firms took part, 2 of them already investors. It is Revolut's fourth venture round on record; the one before was a Series A in Jul 2016.
$66M
Amount raised
$300M
Post-money valuation
$234M pre-money
3
Investors
1 lead
7.1x
Step-up from the Series A
$42M in Jul 2016
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Revolut at $300M after the new money, 7.1 times the $42M of its Series A (Jul 2016). The $66M bought investors about 22% of the company. It came 12 months after Revolut's Series A. It is 1.8% of the $3.63B Revolut has raised in the venture rounds on record. Revolut raised again 9 months later: a Series C round of $250M in Apr 2018, at $1.70B 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 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 this round 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
Index Ventures led the round with 2 other firms. Balderton Capital and Ribbit had backed Revolut before.
Lead investor
- Index Ventures backs 353 venture-backed companies new investor
Also in the round
- Balderton Capital backs 140 venture-backed companies existing investor
- Ribbit backs 126 venture-backed companies existing 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 B rounds in Banks & ATMs:
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Revolut raise in its Series B round?
Revolut raised $66M in its Series B round, announced in Jul 2017.
Who led Revolut's Series B round?
Index Ventures led it, with Balderton Capital and Ribbit.
What was Revolut's valuation at the Series B round?
$300M post-money ($234M pre-money).
Did Revolut raise again after this round?
Yes: a Series C round in Apr 2018 of $250M at $1.70B post-money.