Seedcamp invested in Revolut in 2015.
Seedcamp is a European seed-stage venture capital fund which was launched in London in 2007. Seedcamp has a successful track record of being the earliest backer of a number of leading companies such as Revolut, Wise, Hopin and UiPath. Seedcamp tend to have standard investment and legal terms for the pre-seed round and will follow the terms of lead investors at the seed round. Seedcamp will lead pre-seed investment rounds but will partner with other lead investors for seed rounds. Seedcamp tends to invest £300k in exchange for 6-7% at the pre-seed level and £500k at the seed level.
Revolut was founded in 2015 and started off as an app which allows you to exchange currencies at interbank rates, send them through social networks, and spend with a multi-currency card. Since then, Revolut has $1.7B in funding and expanded their offerings to crypto currencies and stocks, positioning itself as the app for "all things money".
Revolut's founding mission was to eliminate the cost of spending and sending money abroad from the UK which in 2015 was estimated to hit $1.67bn. This is a problem Seedcamp's Sia Houchangnia could relate to when they made their first investment. Seedcamp were excited that with this new investment, more people will be able to spend money across the globe with zero fees.
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