UKTN has collected some of the biggest headline-grabbing funding rounds of 2020 in the tech space of the UK. Most of them which scooped funding of well and above £100 million this year.
Talking about funding rounds during the pandemic, the UK is one of the markets that hasn’t faced a major impact, claims a report by our friends at Dealroom. Furthermore, the report states that the UK-based tech companies raised $5.3B (nearly £3.93B) funding in the first half of this year. Without further ado, let’s take a look at the 12 largest rounds of 2020.
Revolut
Founder/s: Nikolay Storonsky; Vlad Yatsenko
Founded year: 2015
Total funding: £752M
London-based challenger bank Revolut raised the maximum funding in the UK in 2020 with two huge funding rounds in the same year. Earlier in February, the fintech secured mammoth funding of $500M (nearly £375M) in a Series D round taking its valuation to $5.5B (nearly £4.12B). This investment was led by US-based growth capital firm TCV (Technology Crossover Ventures) along with support from existing investors such as GP Bullhound, Lakestar, DST Global and Ribbit Capital....