Monzo Bank Limited (previously named Mondo), the UK based digital bank, has raised GBP 340m in a funding round led by CapitalG Management Company LLC, the US based independent growth fund of Alphabet Inc, that focuses on larger, growth-stage technology companies, with participation from HongShan Capital, Passion Capital, Tencent, and Google Ventures, at a post-money valuation of GBP 4bn.
- Target – Monzo Bank limited
- Buyer – Gv Uk Management Company, limited
- Buyer – Capitalg Management Company llc
- Buyer – Tencent Holdings limited
- Buyer – Passion Capital (gp) LTD
- Buyer – Wuhan Hongshan Huanxia Technology Co., ltd.
- Seller – Shareholders
