N26 secures €30 million
Jan Schulte
| 01.03.2021
N26 has raised new money through a capital increase. In addition to existing investor Earlybird, the Swarovski family has apparently also secured shares.
It's a relatively small cash injection that N26 appears to be giving itself. Neobank has apparently increased its capital by 1.15 percent. This is reported by Finance Forward and Gründerszene. The increase equates to around €30 million at a valuation of US$3.5 billion. In the course of this, the start-up was able to gain a new shareholder with Crystalon Finanz AG, which belongs to the Swarovski clan, as both magazines report. Gründerszene
reports that this is a strategic investment and refers to company circles.For Swarovski, it is not the first participation in a start-up. The family-owned company had already opened its own start-up center in 2015. Most recently, for example, it became known that Swarovski had invested
in Hyperganic, a software provider for 3D printing.N26's last funding round took place in early 2020. At that time, the startup raised around €523 million.
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