Horizons Ventures leads $40m series-B for Number26

The round also introduced private investors Robert Gentz, David Schneider and Rubin Ritter to Number26's group of investors. Existing backers Valar Ventures, Earlybird Ventures and Redalpine Ventures re-upped in the series-B.

With the fresh funding in hand, Number26 will seek to expand its geographic reach and integrate additional banking products into its existing offering.

Including its $40m series-B, the startup has raised in excess of $52m across three funding rounds.

Previous funding
According to unquote" data, Number26 first raised institutional funding in June 2014, attracting €2m from Earlybird and Redalpine.

The initial fundraising was followed by a series-A in April 2015, when the company raised a further €10m from Earlybird, Redalpine and Valar – the VC fund of eBay founder Peter Thiel.

Company
Based in Berlin, Number26 is a mobile banking platform for consumers, centred around an app. The company was founded in 2013 and currently claims 200,000 customers in eight European markets.

People
Horizons Ventures – Li Ka-Shing (founder).

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