# Varo Bank funding: rounds and investors

> Varo Bank has raised $124M across 1 round since 2026. Investors include Gaingels, BlackRock and Warburg Pincus. Every round with its source.

Source: https://millionrounds.com/company/varo-bank (Millionrounds; every figure on the page links to its filing or article)

United States · [Growth startup](https://millionrounds.com/companies)

# Who invested in *Varo Bank*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Consumer Apps

Raised 9 months ago Valuation: $2.5B, Mar 2026

Funding summary Updated 26 Oct 2026

**$124M** raised across 1 round since 2026, from 1 source

- **Latest round:** Growth, $124M Feb 2026
- **Investors:** 4

See who backed them

## The rounds

- **Feb 2026** Growth **$124M** [Gaingels](https://millionrounds.com/fund/gaingels) [BlackRock](https://millionrounds.com/fund/blackrock) [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) [HarbourVest Partners](https://millionrounds.com/fund/harbourvest-partners) Source recorded

## Everyone who backed them

[Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round

[BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **1** round

[Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) Private equity **1** round

[HarbourVest Partners](https://millionrounds.com/fund/harbourvest-partners) Fund of funds **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=varo-bank).

## Quick answers about Varo Bank

### Who invested in Varo Bank?

Varo Bank's investors include Gaingels, BlackRock, Warburg Pincus and HarbourVest Partners.

### How much has Varo Bank raised?

Varo Bank has raised $124M across 1 round since 2026.

### When did Varo Bank last raise?

Varo Bank's most recent round was a Growth of $124M in Feb 2026.

### What was Varo Bank's biggest round?

Its most recent round, $124M in Feb 2026, is also its largest on record.

### Who backed Varo Bank first?

Varo Bank's first round on record, in Feb 2026, was backed by Gaingels, BlackRock and Warburg Pincus and 1 others.

### What stage is Varo Bank at?

Varo Bank's latest named round is a Growth, in Feb 2026.

### Where is Varo Bank based?

Varo Bank is based in the United States.

## Companies like Varo Bank

In the same sector, and raised in the last eighteen months.

[**Punch** $11M · Oct 2026](https://millionrounds.com/company/punch)[**Albert** $57M · Oct 2026](https://millionrounds.com/company/albert)[**Welltory** $4.0M · Oct 2026](https://millionrounds.com/company/welltory)[**Arena** $401M · Oct 2026](https://millionrounds.com/company/arena)[**Bloom** $418M · Oct 2026](https://millionrounds.com/company/bloom)[**Clockout** $5.5M · Oct 2026](https://millionrounds.com/company/clockout)

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