Startup

Monzo

Monzo is one of the UK's leading digital-only banks, offering a mobile-first current account with features like instant spending notifications, fee-free foreign spending, budgeting tools, and salary sorting. Founded in 2015, Monzo has grown to over 9 million customers and achieved profitability in 2024.

The company holds a full UK banking license and has expanded into business accounts, lending, and investment products.

United KingdomLondonLate StageFintechBanking

Details

Location

London, United Kingdom

Category

Startup

Stage

Late Stage

Profile

/united-kingdom/startup/monzo

Investors

Venture capital firms backing this startup

Accel (London)

London, United Kingdom · Venture Capital

Accel is a top-tier global venture capital firm with a dedicated European team based in London. Established in Silicon Valley in 1983, Accel expanded to London in the early 2000s and has since become a leading backer of European tech unicorns. The Accel London fund invests broadly in consumer and enterprise technology companies from seed through growth stage. Accel’s Europe portfolio reads like a who’s-who of success stories – it was an early investor in Spotify, Facebook, and Slack, and in Europe it has funded Klarna, Hopin, and Cazoo among others. For example, Accel’s London team led rounds in Hopin (virtual events) and Klarna (fintech), both of which achieved multibillion-dollar valuations. The firm often takes board seats and provides hands-on support to founders in scaling globally. Accel is known for its deep network in Silicon Valley and Europe, helping bridge entrepreneurs to US markets. It manages multiple funds dedicated to Europe, including Accel London and Accel Europe, and typically invests from Series A onward (with selective seed bets). Notably, Accel was the first Silicon Valley VC to establish a permanent presence in London, reflecting its conviction in Europe’s tech potential. With over three decades of VC experience, Accel has the distinction of having backed over 100 unicorns worldwide. Its London arm continues to actively invest across sectors – from fintech and SaaS to cybersecurity and web3 – making Accel a cornerstone investor in Europe’s startup ecosystem. In short, Accel (London) combines global reach with local insight, helping Europe’s breakout startups scale to international success.

Venture CapitalSeed to GrowthGeneralistTechnology

General Catalyst (Europe)

London, United Kingdom · Venture Capital

General Catalyst is a global venture capital firm that expanded aggressively into Europe through its London office. The firm invests across stages from seed to growth and has become one of the most active US-origin VCs in European tech, backing companies including Helsing, Parloa, Mistral AI, and PhysicsX. General Catalyst focuses on AI, defense tech, enterprise software, and climate, and manages over $25 billion in total assets.

Venture CapitalSeed to GrowthAIEnterprise SoftwareDefense Tech

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