What is N26?
Founded in 2013 and headquartered in Berlin, Germany, N26 has established itself as a key player in the digital finance landscape. The company offers a comprehensive suite of financial services, including ATM withdrawals, mobile payments, robust security features, travel insurance, mobile theft protection, and seamless fund transfers. N26's innovative approach to banking aims to simplify financial management for its users, positioning it as a leader in the fintech sector.
How much funding has N26 raised?
N26 has raised a total of $1.7B across 5 funding rounds:
Series A
$10.6M
Series B
$40M
Series C
$160M
Series D
$570M
Series E
$900M
Series A (2015): $10.6M with participation from Earlybird, Daniel S. Aegerter, Valar Ventures, and Redalpine Venture Partners
Series B (2016): $40M led by Robert Gentz, Valar Ventures, Horizons Ventures, Battery Ventures, Rubin Ritteralso, Redalpine Venture Partners, David Schneider, and Earlybird
Series C (2018): $160M supported by Insight Venture Partners
Series D (2020): $570M featuring Greyhound Capital, Valar Ventures, GIC, Allianz X, Tencent, Earlybird Venture Capital, and Insight Venture Partners
Series E (2021): $900M backed by Dragoneer Investment Group, Coatue, CPP Investments, G Squared, and Third Point
Key Investors in N26
Earlybird
Earlybird is a venture capital investor focused on European technology innovators, investing in technology, medical, and other related sectors. The firm is headquartered in Berlin, Germany.
Valar Ventures
Valar Ventures is an investment firm focused on high-margin, fast-growing financial technology companies globally, seeking out exceptionally focused teams with large ambitions. They provide comprehensive support to their portfolio companies from day one.
Insight Venture Partners
Insight Venture Partners is a venture capital and private equity firm that invests in high-growth technology and software companies. Their platform, GO, supports portfolio company leaders to foster connections and expand their brain trust.
What's next for N26?
The recent major strategic investment in N26 signals a strong commitment from its backers to fuel its next phase of expansion. This capital infusion is expected to accelerate product development, enhance technological infrastructure, and broaden its market penetration across key regions. N26's strategic focus will likely involve deepening its service offerings and solidifying its competitive advantage in the rapidly evolving digital banking industry, leveraging its established user base and innovative platform.
See full N26 company page
