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This Week in London Startups - Issue #16, 17th August 2021

This Week in London Startups - Issue #16, 17th August 2021
By London Startup Club • Issue #16 • View online

Revolut’s early employees and investors have certainly got more for their money and shares!
After its $33 billion valuation last month and becoming the UK’s most valued startup there are at least 76 past and current employees with over a million dollars worth of shares according to a Sifted report.
Over a dozen of these shareholders, hold over $10m or more worth of shares.
We’ve seen how the PayPal Mafia (below) has defined Silicon Valley having a hand in almost every major tech company for the last few decades.
The PayPal Mafia - early employees going on to start and invest in other startups
The PayPal Mafia - early employees going on to start and invest in other startups
With this significant wealth being created for its early employees, will we see soon see the coinage of the term Revolut Mafia?
Haris Qureshi, Editor & Co-Founder @ London Startup Club
Top News
  • Insurtech Marshmallow set to be valued at $1bn, more here
  • Boohoo to create 5,000 jobs as part of five-year investment plan, more here
  • UK cancer treatment startup BiVictriX valued at £13M as female-led biotech floats on AIM after raising £7.5M, more here
  • Jeff Bezos’ Blue Origin goes toe-to-toe with NASA in federal court over award to SpaceX, more here
  • US on-demand grocery giant Gopuff acquires UK’s Dija, more here
  • Twitter’s decentralized social network, Bluesky, project finally has a leader, more here
UK Funding Rounds
  • Gousto for dogs, Butternut Box raises £40m, more here
  • Kroo: London’s social bank bags £17.7M for its prepaid debit card, more here
  • Legaltech PocketLaw pockets £1.2M funding to deliver in-house digital lawyer for British SMEs, more here
  • HumanForest grabs £2.3M funding: The Tesla of e-bikes is coming to London next month, more here
  • Keebo to Launch First FCA Approved Credit Card With Open Banking Data after £5M seed round, more here
International Highlights
  • British female making a splash in NY-startup world with social media platform for women and non-binary folks, more here
  • Trading platform Bitpanda raises $263M at a $4.1B valuation, more here
  • Revenue-based financing startup Jenfi raises $6.3M to focus on high-growth Southeast Asian companies, more here
  • Norway’s Gelato hits unicorn status and raises $240m, more here
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