Massive congratulations to the team at Revolut and, it must be said, their investors: Balderton Capital for spotting their potential before they launched and then and backing them to the hilt. Their reward? A $500M investment led by TCV valuing Revolut at a staggering $5.5B.
This piece by Daniel Waterhouse eloquently describes what he and the team saw in Revolut that marked them out as a good investment 5 years ago.
From zero to $5B in 5 years. That sounds like the sort of thing we used to read about happening only in Silicon Valley.
It’s not every day a company closes a $500m round at an exceptional valuation. Congratulations to the whole Revolut team of 2,000+ on this incredible milestone. This is a far cry from the $2.3m “late seed/early A” round we led 5 years ago. While big numbers are impressive and this capital gives Revolut the ability to scale to the next level, I think what is more interesting is why and how Revolut was able to conclude this sort of financing round.