Funding round
Revolut Series C
Revolut, which works in digital banking services in London, raised $250M in a Series C round announced on 26 Apr 2018, led by DST Global, at a $1.70B post-money valuation. 4 firms took part. It is Revolut's fifth venture round on record; the one before was a Series B in Jul 2017.
$250M
Amount raised
$1.70B
Post-money valuation
$1.45B pre-money
4
Investors
1 lead
5.7x
Step-up from the Series B
$300M in Jul 2017
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Revolut at $1.70B after the new money, 5.7 times the $300M of its Series B (Jul 2017). The $250M bought investors about 15% of the company. It came 9 months after Revolut's Series B. It is 6.9% of the $3.63B Revolut has raised in the venture rounds on record. Revolut raised again 22 months later: a Series D round of $500M in Feb 2020, at $5.50B 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 11 Jul 2017, led by Index Ventures $66M$300M post-money
- Series C this round 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
DST Global led the round with 3 other firms.
Lead investor
- DST Global backs 179 venture-backed companies new investor
Also in the round
- Index Ventures backs 353 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- Balderton Capital backs 140 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: 2 in Banks & ATMs, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| N26 Banks & ATMs | 20 Mar 2018 | $160M | not disclosed | Tencent Holdings Ltd. and Allianz X |
| Starling Banks & ATMs | 13 Feb 2019 | $97M | not disclosed | Merian Global Investors and Merian Chrysalis Investment Company Limited |
| SenseTime Tech Companies | 9 Apr 2018 | $600M | not disclosed | Alibaba Group |
| Checkr Detectives & Investigation Services | 12 Apr 2018 | $100M | not disclosed | T. Rowe Price |
| RefleXion Medical Supply Manufacturers | 4 Apr 2018 | $100M | not disclosed | TPG |
| Health Care Services | 25 Apr 2018 | $74M | not disclosed | Princeville Global and Goldman Sachs |
| Medical Supply Manufacturers | 26 Apr 2018 | $70M | not disclosed | Deerfield |
| Biotechnology | 12 Apr 2018 | $65M | not disclosed | CMB International Capital Corporation |
Sources
Where this comes from
Reported by 7 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Revolut raise in its Series C round?
Revolut raised $250M in its Series C round, announced in Apr 2018.
Who led Revolut's Series C round?
DST Global led it, with Index Ventures, Ribbit and Balderton Capital.
What was Revolut's valuation at the Series C round?
$1.70B post-money ($1.45B pre-money).
Did Revolut raise again after this round?
Yes: a Series D round in Feb 2020 of $500M at $5.50B post-money.