Funding round
Starling Growth
Reported as "Growth Equity"
Starling, which works in digital banking services in London, raised $166M in a Growth round announced on 26 Apr 2022. 5 firms took part, 5 of them already investors. It is Starling's fourth venture round on record; the one before was a Series D in Mar 2021.
$166M
Amount raised
130,500,000 GBP converted
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Starling did not disclose a valuation in this round. It came 13 months after Starling's Series D. It is 23% of the $709M Starling has raised in the venture rounds on record. No later venture round is on record for Starling.
Starling's funding rounds
Starling has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- Harold McPike existing investor
- Fidelity existing investor
- RPMI Railpen existing investor
- Qatar Investment Authority backs 71 venture-backed companies existing investor
- Goldman Sachs backs 218 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
9 Growth rounds in Banks & ATMs within a year either side disclosed an amount; the median was $101M, and this round was 1.6 times the median. The closest in time, other companies' Growth rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cross River Banks & ATMs | 30 Mar 2022 | $620M | $3.00B | Eldridge and Andreessen Horowitz |
| Banks & ATMs | 21 Mar 2022 | $230M | not disclosed | Apax Partners |
| Banks & ATMs | 21 Feb 2022 | $101M | not disclosed | BBVA |
| Monzo Banks & ATMs | 7 Jan 2022 | $100M | $4.50B | not named |
| Banks & ATMs | 1 Aug 2022 | $30M | not disclosed | not named |
| Zopa Banks & ATMs | 19 Oct 2021 | $300M | $1.00B | SoftBank Vision Fund and Softbank |
| Varo Banks & ATMs | 9 Sep 2021 | $510M | $2.50B | Lone Pine Capital |
| Zopa Banks & ATMs | 2 Feb 2023 | $93M | $1.00B | Existing Investors |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Starling raise in its Growth round?
Starling raised $166M in its Growth round, announced in Apr 2022.
Which investors took part in Starling's Growth round?
Harold McPike, Fidelity, RPMI Railpen, Qatar Investment Authority and Goldman Sachs.
What was Starling's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Banks & ATMs?
9 Growth rounds in Banks & ATMs within a year either side disclosed an amount; the median was $101M, and this round was 1.6 times the median.