Founded in 2015, Revolut is a global financial platform with more than 10m customers, giving people the power to spend, invest and transfer money without the sky-high fees charged by the big banks. Since launch, Revolut has reached significant scale having processed over 600m transactions worth nearly $100bn.

The round was secured on the back of high customer demand and engagement and a strong financial performance last year. In 2019, Revolut increased customer growth by 169%, the number of daily active customers by 380% and saw financial revenues in 2018 grow by 354%. The company now employs over 2,000 people in 23 offices.

The $500m fundraise takes total capital raised to $836m with proceeds geared towards strengthening product development in existing markets, rolling out banking operations in Europe and increasing daily engagement. Revolut will also focus on further developing its Premium and Metal subscription accounts.

Alon Kuperman, Executive Director at GP Bullhound, said: “Revolut is a natural player for us to partner up with having built a relationship for several years now. The company’s metrics are truly explosive and the business model is highly scalable. We are excited to partner up with Nik and the management team in their mission to disrupt the global banking sector.”

GP Bullhound is investing in Revolut through Fund IV, which focuses on growth stage business in the software, digital media, marketplaces and fintech sectors. Recent investments include Slack, Klarna, Unity, RavenPack and Believe.

Enquiries
For enquiries, please contact:
Manish Madhvani, Managing Partner, at manish.madhvani@gpbullhound.com
Alon Kuperman, Executive Director, at alon.kuperman@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com

Monocl is currently working with some of the largest companies in the industry including Pfizer, Novartis, Takeda, AstraZeneca and ThermoFisher Scientific. External stakeholders are critical in all phases of development of drugs and products. Monocl enables industry professionals to target and engage opinion leaders, physicians and scientists in a completely new way that streamlines development cycles, increases efficiency and boosts profitably.

The funding will be used to expand Monocl’s US presence, including opening the US Headquarters in Boston, Massachusetts. The investment will also be used to grow and expand sales, marketing, customer success and product development teams in targeted markets.

Björn Carlsson, CEO and co-founder of Monocl commented: “We are excited to bring GP Bullhound onboard. This investment round was not planned, but the timing of it is perfect in light of our US expansion and with my relocation to the US this August. Their experience and demonstrated track record will be of great value for us in our continued pursuit to profile and connect all stakeholders in life sciences through software.”

Joakim Dal, Partner at GP Bullhound, said: “Since we first spoke to Björn last year, Monocl has been on our minds. Monocl is able to translate a process that would take two to three weeks into minutes while at the same time providing up-to-date access to data.”

GP Bullhound Fund IV, which makes the investment in Monocl, last week held its final close at 113 million EUR. Its strategy is to invest in some of the best technology companies and technology entrepreneurs. Recent investments include Slack, Klarna, Tradeshift, Glovo and LendInvest.

Enquiries
For enquiries, please contact:
Joakim Dal, Partner, at joakim.dal@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

The funding will be used to accelerate growth and product innovation, cementing Nivo’s position as a fast and safe way for financial services companies to sign up and service their customers.

Nivo CEO Mike Common commented: “Our mission is to make it easier for consumers to connect with service providers in regulated industries like Financial Services. Our clients are using Nivo to deliver simpler mobile experiences, which reduce effort and empower customers. This means everyone saves time, costs go down and satisfaction goes up.”

Hugh Campbell, Managing Partner of GP Bullhound added: “Manchester is a growing hub for disruptive and world-leading FinTech firms, and we are delighted to be putting our support behind one of its leading lights. The strength of advocacy and results from its existing client base impressed us right from the beginning, with the Nivo team developing an unparalleled product offering that is disrupting the financial services industry.”

Nivo joins existing GP Bullhound portfolio companies, including Slack, Partnerize and Unity Technologies on its list of fast-growing technology businesses.

Enquiries
For enquiries, please contact:
Hugh Campbell, Managing Partner, at hugh.campbell@gpbullhound.com
Alon Kuperman, Director, at alon.kuperman@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

The proceeds will be used for additional sales and marketing expansion and support further growth and development of a global partner ecosystem centred on the company’s SaaS partner management platform.

Partnerize joins existing GP Bullhound portfolio companies, including Slack, Spotify, Unity and Tradeshift, on the list of fast-growing, global businesses.

“GP Bullhound has been a great advocate for us over the years and they share our belief in the potential for partnerships at global scale,” said Mal Cowley, Partnerize Co-founder and CEO. “This additional funding enables us to invest aggressively in our platform, further expanding our technological lead, as we make partnerships a central component of every marketer’s strategy. It also enables us to invest in acquiring new customers, which in turn adds new partner relationships.”

Hugh Campbell, Managing Partner of GP Bullhound said “We are excited to back Partnerize in its next stage of growth. Having known Mal and the team for many years, we have seen the business going from strength to strength. The company was able to build a strong and sustainable competitive advantage on the back of a long list of blue-chip customers, who have successfully on-boarded their partners onto the platform and are now in direct control of their own marketing campaigns”.

Enquiries
For enquiries, please contact Alon Kuperman, Director at GP Bullhound, at alon.kuperman@gpbullhound.com

About Partnerize
Partnerize helps the world’s leading brands build powerful business partnerships that drive extraordinary business growth. The Partnerize Partner Management Platform (PMP) is an end-to-end, SaaS-based solution for forming, managing, analyzing, and predicting the future results of partner marketing programs using artificial intelligence. Hundreds of the world’s largest brands leverage our real-time technology to manage more than $7B in partner programs and financial exchanges across 214 countries and territories worldwide. Partnerize is the trading name of the Performance Horizon group of companies. Founded in 2010, Partnerize has expanded to eight offices worldwide, with over 200 employees. The firm has built an ecosystem of more than 325,000 companies worldwide, including more than 300 leading global brands. To learn more about Partnerize and partner marketing, visit partnerize.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

Christian Faes, Co-Founder & CEO of LendInvest, commented: “Using technology LendInvest is building a new kind of financial services business. We are really excited to have GP Bullhound on our cap table, alongside Atomico and Tiger, as we have worked with their team for a number of years and enjoy a strong relationship.”

Manish Madhvani, Managing Partner of GP Bullhound, and Alon Kuperman, Director, commented: ”We have followed the impressive growth of LendInvest for a number of years, and have had the pleasure of acting as financial advisor for their previous funding round in 2016. Today we are delighted to back Christian and his team as they redefine and simplify the mortgage market.”

Enquiries
For enquiries, please contact Alon Kuperman, Director at GP Bullhound, at alon.kuperman@gpbullhound.com

About LendInvest
LendInvest (www.lendinvest.com) is the UK’s leading online platform for property finance and investing. Since launching in 2008, LendInvest has lent over £1.5 billion ($1.9 billion) to help buy, build or renovate over 5,000 homes across the UK. Using technology LendInvest matches borrowers of short-term bridging finance, development finance and Buy-To-Let, with investors that range from retail investors in our London Stock Exchange listed bond, to some of the world’s largest financial institutions.

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound.

About GP Bullhound Asset Management
GP Bullhound Asset Management is the firm’s independent investment arm. It currently manages four funds, investing in high-potential and fast growing technology businesses, from early stage to pre-IPO.

Company Name: Metapack Ltd

Website: www.metapack.com

Incorporation year: 1999

Geography: UK

Company and Industry in brief: Solves a massive problem in the eCommerce value chain by enabling an eTailer to process, label and track a parcel all the way through the value chain with direct mapping/integration into carrier systems.

Company Name: RealityMine Ltd

Website: www.realitymine.com

Incorporation year: 2011

Geography: UK

Company and Industry in brief:The company is led by a management team with a strong history in marketing and mobile technology. Operating through mobile, the platform provides high value data to brands and agencies at a low cost. The company benefits from an increasing amount of data being produced worldwide and the spend on analytics to improve conversion and performance.