TransferWise, the London-headquartered international money transfer service, is disclosing a new $292 million secondary round that sees investors value the company at $3.5 billion. That’s more than double the valuation TransferWise achieved in late 2017 at the time of its $280 million Series E round. The new secondly funding — with no new cash entering […]
TransferWise, the London-headquartered international money transfer service, is disclosing a new $292 million secondary round that sees investors value the company at $3.5 billion. That’s more than double the valuation TransferWise achieved in late 2017 at the time of its $280 million Series E round.
The new secondly funding — with no new cash entering TransferWise’s balance sheet as a number of existing shareholders sell all or a portion of their holding — was led by growth capital investors Lead Edge Capital, Lone Pine Capital and Vitruvian Partners.
Existing investors Andreessen Horowitz and Baillie Gifford expanded their holdings in TransferWise, whilst investment was also provided from funds managed by BlackRock.
In a call, TransferWise co-founder and Chairman Taavet Hinrikus told me the round was oversubscribed, too.
