Successfully maintains $1.1bn valuation, despite market turmoil
In Brief:
The Bank of London, which launched a year and a half ago as the UK’s sixth principal clearing bank, has extended its Series C funding round by $40m to now reach $160m
Its Series C round was first announced in December 2021, when the bank raised $90m at a $1.1bn valuation
The extension was co-led by Mangove Capital Partners and 14W Venture Capital, with follow-on investment from ForgeLight, who previously led the first part of its Series C
What does this mean?
“The expansion of our Series C at a continued valuation of $1.1bn is a testament to the trust we are building at The Bank of London,” said The Bank of London’s group CEO and founder Anthony Watson. “Our investors believe in our vision to reshape banking for the betterment of all, powered by our unique patented technologies and our differentiated banking models.”
