# N26

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/n26

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: http://www.n26.com
- Total disclosed funding: $1.7B
- Latest round: Series E (Oct 17, 2021)
- Investors on record: 23

## About

Based in Berlin, Germany, and founded in 2013 by Valentin Stalf and Maximilian Tayenthal, N26 GmbH provides a mobile bank platform that allows users to overdraft, invest, money transfer, cash withdrawal and deposits at stores, various other banking services. In October 2021, N26 GmbH raised approximately USD 900 million in a Series E funding co-led by Coatue Management and Third Point Ventures, with participation from Dragoneer Investment Group. The series E funding values N26 GmbH at approximately USD 9 billion post-money and raised a total of USD 1,659.21 million in funding. The company employs approximately 1,500 employees across 10 office locations.

N26 provides mobile banking services, including online banking, creating and managing fixed accounts and current accounts, international money transfer, overdraft, investment and other banking services for android, iOS and desktop. In addition, the company also offers a financial product, N26 Insurance to protect laptops, tablets, smartwatches, and smartphones against theft, malfunctions, liquid damage and accidental damage.

The company generates revenue from providing banking services, including opening premium accounts, such as N26 smart, N26 metal, N26 you, N26 business smart, N26 business you, N26 business metal and others. In addition, the company also generates revenue from opening a business bank account (EUR 16.90 per month), personal bank account (EUR 4.90 per month) and premium bank account with a metal card (EUR 16.90 per month).

N26 GmbH will use the proceeds from Series E funding to expand its mobile banking offering and grow staff strength by 1,000 team members in the areas of product, technology, and cybersecurity.

## Funding rounds

- Series E, Oct 17, 2021, $900M — Eiffel Investment Group, CPP Investment Board, Earlybird, Third Point, Coatue Management, Tencent Investment, Valar, Nebula, G Squared, TransPacific Venture Partners, Triple Point Investment Management, Ilavska Vuillermoz Capital, Northstar, Suvretta Capital Management
- Series D, May 5, 2020, $100M — Insight Partners, GIC, Earlybird, Tencent Investment, Valar, HS Investments
- Series D, Jul 17, 2019, $170M — Insight Partners, Earlybird, Tencent Investment, Valar, Greyhound Capital, Eiffel IM, Allianz X
- Series D, Jan 9, 2019, $300M — Insight Partners, Earlybird, Greyhound Capital, Eiffel IM
- Series C, Mar 19, 2018, $135M — Tencent Investment, Valar, Redalpine, Greyhound Capital, Allianz X, HS Investments
- Series B, Jun 21, 2016, $40M — Battery Ventures, Earlybird, Valar, Redalpine, HS Investments
- Series A, Apr 16, 2015, $11M — Earlybird, Valar, Redalpine
- Seed, Jun 20, 2014, $2.7M — Earlybird, Redalpine, Axel Springer Plug and Play Accelerator

## Investors

- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed, Series A, Series B, Series D, Series E
- Redalpine (https://capitalatlas.ai/funds/redalpine) — Seed, Series A, Series B, Series C
- Axel Springer Plug and Play Accelerator — Seed
- Valar (https://capitalatlas.ai/funds/valar) — Series A, Series B, Series C, Series D, Series E
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- HS Investments — Series B, Series C, Series D
- Tencent Investment — Series C, Series D, Series E
- Greyhound Capital (https://capitalatlas.ai/funds/greyhound-capital) — Series C, Series D
- Allianz X (https://capitalatlas.ai/funds/allianz-x) — Series C, Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D
- Eiffel IM — Series D
- GIC — Series D
- Eiffel Investment Group (https://capitalatlas.ai/funds/eiffel-investment-group) — Series E
- CPP Investment Board — Series E
- Third Point (https://capitalatlas.ai/funds/third-point) — Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series E
- Nebula — Series E
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series E
- TransPacific Venture Partners (https://capitalatlas.ai/funds/transpacific-venture-partners) — Series E
- Triple Point Investment Management (https://capitalatlas.ai/funds/triple-point-investment-management) — Series E
- Ilavska Vuillermoz Capital (https://capitalatlas.ai/funds/ilavska-vuillermoz-capital) — Series E
- Northstar (https://capitalatlas.ai/funds/northstar) — Series E
- Suvretta Capital Management — Series E