Berlin based online bank raised $170m only months after raising $300m, in a Series D extension where all of the round's investors are putting money in again, and reaching a $3.5b valuation, post-money.
“It’s a raise in valuation of about 30%. It’s only existing investors that participated. We didn’t go external as it is also quite quickly after the round that we did earlier this year,” co-founder and CEO Valentin Stalf told me. “But I think it’s a good testament of the development of the company over the last couple of months.” N26 recently launched its challenger bank in the U.S. The company plans to expand to Brazil in the coming months and launch more products to make it easier to manage your money. Many features will be based on Spaces, which are sub-accounts that let you separate your money in multiple pools and eventually share Spaces with other people.