# Monzo funding: rounds and investors > Monzo has raised $394M across 6 rounds since 2017. Investors include General Catalyst, Goodwater Capital and Thrive Capital. Every round with its source. Source: https://millionrounds.com/company/monzo (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Venture startup](https://millionrounds.com/companies) # Who invested in *Monzo* 6 rounds we have observed, with the 17 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Financial Services Fintech Valuation: $5.9B, Mar 2026 Funding summary Updated 26 Oct 2026 **$394M** raised across 6 rounds since 2017, from 6 sources **$24M** Round **$93M** Round **$108M** Round **$25M** Round **$143M** Series F - **Latest round:** Venture Oct 2024 - **Biggest round:** $143M Series F · Jun 2019 - **Investors:** 17 (2 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2017 2018 2019 2020 2021 2022 2023 2024 **$24M** Round **$93M** Round **$108M** Round **$25M** Round **?** Venture - **First round:** Round, $24M - **Biggest round:** $143M - **Usual gap between rounds:** 8 months [**Monzo** Banking 1 / 16 Their pitch deck **Monzo's pitch deck, 16 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/monzo) ## The rounds - **Oct 2024** Venture **Amount undisclosed** *1 new* *5 returning* [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Accel](https://millionrounds.com/fund/accel) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [HSG](https://millionrounds.com/fund/hsg) [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [Stripe](https://millionrounds.com/fund/stripe) Source recorded - **Jun 2019** Series F **$143M** *3 new* *6 returning* [Y Combinator Continuity](https://millionrounds.com/fund/y-combinator-continuity) Lead [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Accel](https://millionrounds.com/fund/accel) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [Passion Capital](https://millionrounds.com/fund/passion-capital) [Thrive Capital](https://millionrounds.com/fund/thrive-capital) [Stripe](https://millionrounds.com/fund/stripe) [Latitude Investment Management Llp](https://millionrounds.com/fund/latitude) [Orange Digital Ventures](https://millionrounds.com/fund/orange-digital-ventures) Reported by FinSMEs - **Dec 2018** Round **$25M** No investor was named in the report. Reported by FinSMEs - **Oct 2018** Round **$108M** *5 new* *1 returning* [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [Thrive Capital](https://millionrounds.com/fund/thrive-capital) [Stripe](https://millionrounds.com/fund/stripe) [Orange Ventures](https://millionrounds.com/fund/orange-ventures) Accel/ Passion Reported by TechCrunch - **Nov 2017** Round **$93M** *5 new* Goodwater Capital/ Stripe Lead [Thrive Capital](https://millionrounds.com/fund/thrive-capital) Michael Moritz Orange Digital Passion Reported by TechCrunch - **Feb 2017** Round **$24M** *3 new* [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [Passion Capital](https://millionrounds.com/fund/passion-capital) [Orange Digital Ventures](https://millionrounds.com/fund/orange-digital-ventures) Reported by TechCrunch ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2017 **Round** 2017 **Round** 2018 **Round** 2018 **Series F** 2019 **Venture** 2024 [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) [Thrive Capital](https://millionrounds.com/fund/thrive-capital) [Stripe](https://millionrounds.com/fund/stripe) [Accel](https://millionrounds.com/fund/accel) [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [Passion Capital](https://millionrounds.com/fund/passion-capital) [Orange Digital Ventures](https://millionrounds.com/fund/orange-digital-ventures) [Y Combinator Continuity](https://millionrounds.com/fund/y-combinator-continuity) L Goodwater Capital/ Stripe L ## Everyone who backed them [General Catalyst](https://millionrounds.com/fund/general-catalyst) VC firm **3** rounds [Goodwater Capital](https://millionrounds.com/fund/goodwater-capital) VC firm **3** rounds [Thrive Capital](https://millionrounds.com/fund/thrive-capital) Accelerator **3** rounds [Stripe](https://millionrounds.com/fund/stripe) Company **3** rounds [Accel](https://millionrounds.com/fund/accel) VC firm **2** rounds [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) Family office **2** rounds [Passion Capital](https://millionrounds.com/fund/passion-capital) VC firm **2** rounds [Orange Digital Ventures](https://millionrounds.com/fund/orange-digital-ventures) VC firm **2** rounds [Y Combinator Continuity](https://millionrounds.com/fund/y-combinator-continuity) VC firm **1** round, led 1 Goodwater Capital/ Stripe no record of our own yet **1** round, led 1 [HSG](https://millionrounds.com/fund/hsg) VC firm **1** round [Orange Ventures](https://millionrounds.com/fund/orange-ventures) Corporate VC **1** round [Latitude Investment Management Llp](https://millionrounds.com/fund/latitude) VC firm **1** round Accel/ Passion no record of our own yet **1** round Michael Moritz no record of our own yet **1** round Orange Digital no record of our own yet **1** round Passion no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=monzo). ## Also claim to have backed them These 4 firms list Monzo as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital-3) Growth equity Per its own site [Alpha Wave Global](https://millionrounds.com/fund/alpha-wave-global) Private equity Per its own site [ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital) Family office Per its own site [Annox Capital](https://millionrounds.com/fund/annox-capital) VC firm Per its own site ## Quick answers about Monzo ### Who invested in Monzo? Monzo's investors include General Catalyst, Goodwater Capital, Thrive Capital, Stripe and Accel, and 12 more on record. ### How much has Monzo raised? Monzo has raised $394M across 6 rounds since 2017. One round did not disclose an amount, so the total is a floor. ### When did Monzo last raise? Monzo's most recent round was a Venture in Oct 2024. ### What was Monzo's biggest round? Monzo's largest round on record is $143M (Series F), in Jun 2019, led by Y Combinator Continuity. ### Who backed Monzo first? Monzo's first round on record, in Feb 2017, was backed by Thrive Capital, Passion Capital and Orange Digital Ventures. ### What stage is Monzo at? Monzo's latest named round is a Venture, in Oct 2024. ### Where is Monzo based? Monzo is based in the United Kingdom. ### Who led Monzo's rounds? Goodwater Capital/ Stripe led the Undisclosed round in 2017; Y Combinator Continuity led the Series F in 2019. ## Companies like Monzo In the same sector, and raised in the last eighteen months. 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