Monzo’s £85 million fund raising

Cooley advised Accel and General Catalyst as lead investors in UK digital bank Monzo’s £85 million fund raising.

The investment brought Monzo’s valuation to more than £1 billion, creating the UK’s latest unicorn.

Accel partners with exceptional founders with unique insights, from inception through all phases of growth. General Catalyst is a venture capital firm that makes early-stage and transformational investments. The company backs fearless entrepreneurs who are building market-leading technology companies.

Cooley advised with a team including Aaron Archer (Picture), Justin Stock (Picture), Chris Coulter, Leo Spicer-Phelps, Laura Dietschy, Charlotte Lennon, Harry Calkin, Deirdre O’Neill, Chris Stack, Nihara McCormack and Mark Jones.

Involved fees earner: Aaron Archer – Cooley LLP; Justin Stock – Cooley LLP; Charlotte Lennon – Cooley LLP; Harry Calkin – Cooley LLP; Deirdre O’Neill – Cooley LLP; Mark Jones – Cooley LLP; Chris Coulter – Cooley LLP; Leo Spicer-Phelps – Cooley LLP; Laura Dietschy – Cooley LLP; Chris Stack – Cooley LLP; Nihara McCormack – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Accel Partners; General Catalyst Partners;