Funding round
Zopa Growth
Reported as "Growth Equity"
Zopa, which works in digital banking platform services in London, raised $78M in a Growth round announced on 9 Nov 2018. 4 firms took part. It is Zopa's first venture round on record.
$78M
Amount raised
60,000,000 GBP converted
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Zopa did not disclose a valuation in this round. It is Zopa's first venture round on record, 13 years after it was founded in 2005. It is 17% of the $471M Zopa has raised in the venture rounds on record. Zopa raised again 35 months later: a Growth round of $300M in Oct 2021, at $1.00B post-money.
Zopa's funding rounds
Zopa has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- backs 104 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- Wadhawan Global Capital 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
6 Growth rounds in Banks & ATMs within a year either side disclosed an amount; the median was $83M, and this round was close to the median. The closest in time, other companies' Growth rounds in Banks & ATMs:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cross River Banks & ATMs | 6 Dec 2018 | $100M | not disclosed | KKR |
| Banks & ATMs | 4 Dec 2018 | $30M | not disclosed | not named |
| Banks & ATMs | 7 Mar 2019 | $25M | not disclosed | not named |
| Banks & ATMs | 22 May 2018 | $90M | not disclosed | not named |
| Monzo Banks & ATMs | 25 Jun 2019 | $144M | $2.55B | Y Combinator |
| Banks & ATMs | 15 Jan 2018 | $75M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Zopa raise in its Growth round?
Zopa raised $78M in its Growth round, announced in Nov 2018.
Which investors took part in Zopa's Growth round?
Bessemer Venture Partners, Northzone, Augmentum Fintech and Wadhawan Global Capital.
What was Zopa's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Banks & ATMs?
6 Growth rounds in Banks & ATMs within a year either side disclosed an amount; the median was $83M, and this round was close to the median.
Did Zopa raise again after this round?
Yes: a Growth round in Oct 2021 of $300M at $1.00B post-money.