Armed with some data from our friends at CrunchBase, I broke down the largest London startup funding rounds during Q1. I have included some additional information as well such as industry, founding year, brief funding description, founders, total funding raised, to further the analysis for the state of venture capital in London. For the purposes of this analysis, only equity funding rounds were considered.
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15. Monument Bank £28.0M
Round: Series A
Description: Monument Bank is a bank focus on mass affluent clients such as professionals, property investors, and entrepreneurs. Founded by Mintoo Bhandari and Vikash Gupta in 2018, Monument Bank has now raised a total of £28.0M in total equity funding and is backed by investors that include Harry Handelsman, Rakesh K. Loonkar, and Eric Zinterhofer.
Investors in the round: Eric Zinterhofer, Harry Handelsman, Rakesh K. Loonkar
Industry: Financial Services
Founders:
Founding year: 2017
Total equity funding raised: £28.0M
14. Isotropic Systems $40.0M
Round: Series B
Description: Isotropic Systems develops multi-service, high-bandwidth, low power, fully integrated terminals designed to support the satellite industry. Founded by Jeremiah Turpin and John Finney in 2013, Isotropic Systems has now raised a total of $60.0M in total equity funding and is backed by investors that include The Future Fund, Space Angels, Space Capital, Promus Ventures, and Boeing HorizonX Ventures.
Investors in the round: Boeing HorizonX Ventures, Orbital Ventures, Promus Ventures, SES S.A., Space Angels, The Firmament Group, The Future Fund
Industry: Construction, Electronics, Internet, Satellite Communication
Founders: Jeremiah Turpin, John Finney
Founding year: 2013
Total equity funding raised: $60.0M
13. Multiverse $44.0M
Round: Series B
Description: Multiverse is a tech startup that matches talent who have not graduated from college with apprenticeship opportunities. Founded by Euan Blair and Sophie Adelman in 2016, Multiverse has now raised a total of $64.0M in total equity funding and is backed by investors that include General Catalyst, Salesforce Ventures, GV, Village Global, and Index Ventures.
Investors in the round: Anne Wojcicki, Audacious Ventures, General Catalyst, GV, Index Ventures, Jeremy Darroch, John Thompson, Latitude, Lightspeed Venture Partners, SemperVirens Venture Capital
Industry: Career Planning, Communities, Corporate Training, EdTech, Higher Education, Training
Founders: Euan Blair, Sophie Adelman
Founding year: 2016
Total equity funding raised: $64.0M
12. Genesis Global $45.0M
Round: Series B
Description: Genesis Global is a low-code technology platform that helps financial institutions build new applications. Founded by James Harrison and Stephen Murphy in 2012, Genesis Global has now raised a total of $48.0M in total equity funding and is backed by investors that include Citigroup, Salesforce Ventures, GV, Accel, and Illuminate Financial.
Investors in the round: Accel, Citigroup, GV, Illuminate Financial, Salesforce Ventures, Tribeca Early Stage Partners
Industry: Enterprise Software, Financial Services, FinTech, Information Technology, Software
Founders: James Harrison, Stephen Murphy
Founding year: 2012
Total equity funding raised: $48.0M
11. Freetrade £35.0M
Round: Series B
Description: Freetrade is a challenger stockbroker that offers free share trading in mobile phones. Founded by Adam Dodds, Andre Mohamed, Davide Fioranelli, Ian Fuller, and Viktor Nebehaj in 2016, Freetrade has now raised a total of $84.9M in total equity funding and is backed by investors that include Crowdcube, Draper Esprit, L Catterton, Left Lane Capital, and AfterWork Ventures.
Investors in the round: Draper Esprit, L Catterton, Left Lane Capital
Industry: Financial Services, FinTech, Personal Finance, Wealth Management
Founders: Adam Dodds, Andre Mohamed, Davide Fioranelli, Ian Fuller, Viktor Nebehaj
Founding year: 2016
Total equity funding raised: $84.9M
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10. Pollinate Networks $50.0M
Round: Series C
Description: Pollinate Networks is a platform that works with banks to create data-driven experiences for merchants and consumers. Founded by Al Lukies, Fiona Roach Canning, Jonathan Hughes, and Tim Joslyn in 2017, Pollinate Networks has now raised a total of $218.0M in total equity funding and is backed by investors that include Mastercard, Insight Partners, NatWest Group, National Australia Bank, and Motive Partners.
Investors in the round: EFM Asset Management, Insight Partners, Mastercard, Motive Partners, National Australia Bank, NatWest Group
Industry: Banking, Financial Services, FinTech, Software
Founders: Al Lukies, Fiona Roach Canning, Jonathan Hughes, Tim Joslyn
Founding year: 2017
Total equity funding raised: $218.0M
9. Monzo £50.0M
Round: Series G
Description: Monzo is a digital-only bank platform and marketplace that allows customers to access a range of products and services. Founded by Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, and Tom Blomfield in 2015, Monzo has now raised a total of £434.7M in total equity funding and is backed by investors that include Crowdcube, General Catalyst, Stripe, Orange, and Y Combinator.
Investors in the round: Accel, General Catalyst, Goodwater Capital, Octahedron Capital, Orange, Passion Capital, Stripe, Thrive Capital, Y Combinator
Industry: Banking, Finance, Financial Services, FinTech, Marketplace
Founders: Gary Dolman, Jason Bates, Jonas Huckestein, Paul Rippon, Tom Blomfield
Founding year: 2015
Total equity funding raised: £434.7M
8. Curve $95.0M
Round: Series C
Description: Curve is a banking platform that consolidates cards and accounts into one smart card and app. Founded by Anna Mostyn-Williams, Shachar Bialick, and Tom Foster-Carter in 2015, Curve has now raised a total of $169.3M in total equity funding and is backed by investors that include Seedcamp, Crowdcube, OneMain Financial, Vulcan Capital, and Speedinvest.
Investors in the round: Fuel Venture Capital, IDC Ventures, Novum Capital, OneMain Financial, Vulcan Capital
Industry: Apps, Banking, Financial Services, FinTech, Payments
Founders: Anna Mostyn-Williams, Shachar Bialick, Tom Foster-Carter
Founding year: 2015
Total equity funding raised: $169.3M
7. Bloom & Wild £75.0M
Round: Series D
Description: Bloom & Wild is an online flower delivery platform developing a modern approach for sending flowers to loved ones. Founded by Aron Gelbard and Ben Stanway in 2013, Bloom & Wild has now raised a total of £96.3M in total equity funding and is backed by investors that include General Catalyst, Index Ventures, MMC Ventures, Burda Principal Investments, and Latitude.
Investors in the round: Burda Principal Investments, D4 Ventures, General Catalyst, Index Ventures, Latitude, Novator
Industry: Delivery, E-Commerce, Gift
Founders: Aron Gelbard, Ben Stanway
Founding year: 2013
Total equity funding raised: £96.3M
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6. Zego $150.0M
Round: Series C
Description: Zego is a commercial motor insurance provider that powers opportunities for businesses, from entire fleets of vehicles to self-employed drivers and riders. Founded by Harry Franks, Sten Saar, and Stuart Kelly in 2016, Zego has now raised a total of $201.7M in total equity funding and is backed by investors that include General Catalyst, DST Global, Target Global, LocalGlobe, and Balderton Capital.
Investors in the round: Balderton Capital, DST Global, General Catalyst, Latitude, Socii Capital, Taavet Hinrikus, Target Global
Industry: Auto Insurance, Commercial Insurance, Insurance, InsurTech
Founders: Harry Franks, Sten Saar, Stuart Kelly
Founding year: 2016
Total equity funding raised: $201.7M
5. Deliveroo $180.0M
Round: Series H
Description: Deliveroo owns and operates an online food delivery platform in the United Kingdom. Founded by Greg Orlowski and William Shu in 2012, Deliveroo has now raised a total of $1.7B in total equity funding and is backed by investors that include General Catalyst, T. Rowe Price, DST Global, Greenoaks Capital, and Fidelity Management and Research Company.
Investors in the round: Durable Capital Partners, Fidelity Management and Research Company
Industry: Delivery, Food and Beverage, Food Delivery, Same Day Delivery
Founders: Greg Orlowski, William Shu
Founding year: 2012
Total equity funding raised: $1.7B
4. Rapyd $300.0M
Round: Series D
Description: Rapyd is a payments platform that inserts fintech services into any app and simplifies the complex offering of local payment methods. Founded by Arik Shtilman, Arkady Karpman, and Omer Priel in 2016, Rapyd has now raised a total of $470.0M in total equity funding and is backed by investors that include General Catalyst, FJ Labs, Spark Capital, Stripe, and Tiger Global Management.
Investors in the round: Avid Ventures, Coatue, Durable Capital Partners, Entree Capital, FJ Labs, General Catalyst, Latitude, LVL1 Group, Oak HC/FT, Spark Capital, Tal Capital, Target Global, Tiger Global Management
Industry: Finance, Financial Services, FinTech, Mobile Payments, Payments
Founders: Arik Shtilman, Arkady Karpman, Omer Priel
Founding year: 2016
Total equity funding raised: $470.0M
4. Blockchain.com $300.0M
Round: Series C
Description: Blockchain.com is a platform that offers ways to buy, hold, and use cryptocurrency. Founded by Benjamin Reeves, Nicolas Cary, and Peter Smith in 2011, Blockchain.com has now raised a total of $490.0M in total equity funding and is backed by investors that include Lightspeed Venture Partners, DST Global, GV, Digital Currency Group, and Eldridge.
Investors in the round: DST Global, Lightspeed Venture Partners, Vy Capital
Industry: Bitcoin, Blockchain, Cryptocurrency, FinTech, Trading Platform
Founders: Benjamin Reeves, Nicolas Cary, Peter Smith
Founding year: 2011
Total equity funding raised: $490.0M
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3. Starling Bank £272.0M
Round: Series D
Description: Starling Bank is a mobile banking platform that offers personal, joint, and business accounts. Founded by Anne Boden in 2014, Starling Bank has now raised a total of £535.0M in total equity funding and is backed by investors that include Fidelity Management and Research Company, Qatar Investment Authority, Millennium Management, Capability and Innovation Fund, and JTC Group.
Investors in the round: Fidelity Management and Research Company, Millennium Management, Qatar Investment Authority, RPMI Railpen
Industry: Banking, Financial Services, FinTech
Founders: Anne Boden
Founding year: 2014
Total equity funding raised: £535.0M
2. OneWeb $400.0M
Round: Venture
Description: OneWeb is building a space-based global communications network that delivers high-speed, low latency internet access. Founded by Greg Wyler in 2012, OneWeb has now raised a total of $3.4B in total equity funding and is backed by investors that include SoftBank, Qualcomm, Qualcomm Ventures, Airbus, and SoftBank Capital.
Investors in the round: Hughes Network Systems, SoftBank Capital
Industry: Aerospace, Database, Internet, Satellite Communication, Telecommunications
Founders: Greg Wyler
Founding year: 2012
Total equity funding raised: $3.4B
2. Hopin $400.0M
Round: Series C
Description: Hopin is a live virtual events platform where users can learn, interact, and connect with people from around the globe. Founded by Johnny Boufarhat in 2019, Hopin has now raised a total of $571.4M in total equity funding and is backed by investors that include General Catalyst, Salesforce Ventures, Andreessen Horowitz, IVP, and Tiger Global Management.
Investors in the round: Andreessen Horowitz, Coatue, DFJ Growth, General Catalyst, IVP, Northzone, Salesforce Ventures, Tiger Global Management
Industry: Events, Meeting Software, Social Network, Video Conferencing
Founders: Johnny Boufarhat
Founding year: 2019
Total equity funding raised: $571.4M
1. Checkout.com $450.0M
Round: Series C
Description: Checkout.com is an API-based platform providing online payment solutions that improve the user’s checkout experience. Founded by Guillaume Pousaz in 2012, Checkout.com has now raised a total of $830.0M in total equity funding and is backed by investors that include DST Global, GIC, Tiger Global Management, Greenoaks Capital, and Insight Partners.
Investors in the round: Blossom Capital, Coatue, DST Global, Endeavor Catalyst, GIC, Greenoaks Capital, Insight Partners, Tiger Global Management
Industry: E-Commerce, FinTech, Payments, Transaction Processing
Founders: Guillaume Pousaz
Founding year: 2012
Total equity funding raised: $830.0M
