Tech Company Financing Transactions
TransferWise Funding Round
TransferWise closed a $26 million funding round on 5/25/2016. Investors included Baillie Gifford.
Transaction Overview
Company Name
Announced On
5/25/2016
Transaction Type
Venture Equity
Amount
$26,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The proceeds will be used to improve the loss-making startup's balance sheet as it continues to plough all revenue into future growth.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
186-188 City Rd.
London , EC1V 2NT
UK
London , EC1V 2NT
UK
Phone
Website
Email Address
Not Recorded
Overview
TransferWise is a small, hungry team of ten people that has developed technology to allow people to exhange money in different currencies outside of traditional banks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Taavet Hinrikus
Co-Founder
Kristo Käärmann
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About Our Venture Capital Transactions Database
We do our best to report on all VC transactions involving tech companies. VC transactions reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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