3 days ago
Germany's N26 Weighs New Funding Round That Allows Partial Exit
German digital bank N26 is considering a new funding round at a reduced valuation that could allow some of its existing investors including Coatue Management, Third Point and Dragoneer Investment to recoup part of their investment, people familiar with the matter said.
The Series F funding round being contemplated by N26 would let the existing investors sell part of their stakes, according to the people. N26 has been discussing a structure that would allow them to roll over some of their holdings into the new round at a lower valuation, meaning they wouldn't get the 25% guaranteed return promised at their initial investment, the people said.
