Scoop: Monzo’s latest round included £11M in secondary as founding employees partly cash in

Earlier this month, U.K.-based challenger bank Monzo announced that it had raised a further £71 million in a round led by Goodwater Capital, giving the startup a post-money valuation of £280 million. However, what wasn’t reported at the time was that the round included £11 million in secondary investment, meaning that only £60 million entered the company’s balance sheet.


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