The majority of its new funding will now be provided by existing investors. 16:30 - Q+A: Tom Blomfield and Passion Capital's Eileen Burbidge answer your questions. Since 2011 we've funded 61 early-stage tech startups, backing over 100 founders who have grown their teams to include over 700 team members. Hear more about the learnings and perspectives which will shape their approach to making Monzo an incredible place to work for everyone. The company has raised just over $500 million in Venture Capital funding from investors including Reference Capital, Y Combinator, Accel, General Catalyst, Goodwater Capital, Stripe, Thrive Capital, and Passion Capital. We want to do the same in the mental health space. It has been widely reported that Monzo last raised $90 million in June 2020 at a post-money valuation of $1.6 billion. Passion Capital FS LP July 3, 2020 August 24, 2020 2 Comments on Monzo Shareholders (Institutional) Monzo Shareholders (Institutional) As At 20 February 2020 According to Filings At Companies House The rest was history. The firm prefers to invest in the software, mobile, internet of things, technology and telecommunications sectors in Europe. Monzo — originally named Mondo until it faced a copyright claim — … We're backed by Passion Capital (Monzo), Seedcamp (Transferwise, Revolut) and the brains behind consumer brands like Zoopla, Uber, Carwow, Urban and many more. Passion Capital is a partnership of entrepreneurs and operators who are applying our experiences to helping founders and early-stage teams build great digital media/technology companies. Blomfield held the role of CEO until May last year when he assumed the newly created title of president and resigned from the Monzo board. According to TechCrunch, Blomfield voiced his unhappiness to investor, Eileen Burbidge, founding partner of Passion Capital, and Monzo chair, Gary Hoffman, back in early 2019.. Founded in 2011, Passion Capital is a venture capital firm based in London, United Kingdom. Monzo confirmed the news to Sifted, but would not disclose what proportion of the funds came from non-existing investors. Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. Passion Capital General Information Description. We've previously created digital communities with millions of passionate followers. Blomfield can’t afford to slow down his ambitious plans for Monzo. Monzo’s 500,000 monthly users spend an average of £440 a month through the app. The soon-to-be former president realised he was “doing too much and not enjoying it”, acknowledging that … The fundraise is likely to have provided a top-up to the bank’s balance sheet, which now stands at £175m in liquid capital (as a licensed bank, it is required to hold at least 8% of its risk-weighted assets in liquid cash). 16:55 - Outro--17:00 - End-- The firm seeks to make investments in minority seed, early-stage, and later-stages. Existing investors including Passion Capital … Monzo operates a mobile app and provides prepaid debit cards to its over 4.81 million users. Monzo had hoped to raise money from new investors earlier in the year but the pandemic took hold in March. He left Starling, started Monzo and won the investment from Passion. Close to two thirds use it at least once a week. 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