Portfolio Update: Moneybox achieve a £550m valuation
Congratulations to Moneybox for the £70m secondary round led by Amundi and Apis Global Growth Fund @ £550m valuation.
The secondary round will give the opportunity to early investors (like us) to cash out a part of their holding.
The new valuation means a 2.9x cash exit multiple for Graffiti (4.0x if we include the EIS relief).
We invested in Moneybox in August 2020 when the company had less than £1bn of Assets under Management (AUM) and £4m annual revenues.
In the last 12 months Moneybox reached £10bn AUM, £80m revenues and £29m EBITDA.
Congratulations to Moneybox team for the achievements so far and we are looking forward to teh futiure success of the company.
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