Seedcamp , an early backer of TransferWise, has sold part of its stake in the London-based money transfer startup, in a Secondary dealing that may well represent one of the best European seed exits in recent years that wasn’t an acquisition or IPO.
TransferWise was most recently valued by investors, which also include Baillie Gifford, Andreessen Horowitz and Richard Branson, at $1.1 billion, making the company a bona-fide ‘unicorn’.
TechCrunch understands that Seedcamp’s partial exit sees 80 per cent of its second fund of €5 million returned to investors. That’s a very decent bit of business whichever way you slice it.
It’s also worth noting that, despite a partial sale, Seedcamp has elected to keep the majority of its shares in TransferWise and remains bullish regarding the startup’s future prospects.
