N26 secures €30 million
N26 has raised new money through a capital increase. In addition to existing investor Earlybird, the Swarovski family has apparently also secured shares.
It is a relatively small financial injection that N26 is apparently injecting into itself. Neobank has apparently increased its capital by 1.15 percent. This is reported by Finance Forward and Gründerszene. With a valuation of 3.5 billion US dollars, the increase corresponds to around 30 million euros. In the course of this, the start-up was able to gain a new shareholder in Crystalon Finanz AG, which belongs to the Swarovski clan, as both magazines report. Gründerszene reports that this is a strategic investment, citing company sources.
This is not the first investment in a start-up for Swarovski. The family-owned company had already opened its own start-up center in 2015. Most recently, it was announced that Swarovski had invested in Hyperganic, a software provider for 3D printing.
N26's last financing round took place at the beginning of 2020. At that time, the start-up raised around 523 million euros.
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