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MassMutual Ventures, NordicNinja and Breega led a $24m funding round in Griffin.

Financials

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Transaction Value£18m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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bank

Banks

United Kingdom

Single Bidder

Private Equity

Venture Capital

Cross Border

Completed

Friendly

Private

Acquisition

Minority

Synopsis

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MassMutual Ventures, a venture capital firm investing in fintech, data analytics, cybersecurity, digital health, and enterprise software companies, NordicNinja, a Japanese-backed VC located in Europe investing in companies tackling the world’s carbon footprint and Breega, a European venture capital fund designed to finance startups in the digital economy, led a $24m funding round in Griffin, the full-stack Banking as a Service (BaaS) platform, with participation from Notion Capital and EQT Ventures. "Griffin is exactly the sort of founder-led business that we look to back. The hard work the team has done over the last several years in building their own core banking platform and securing a UK bank licence has them incredibly well positioned to power this generation of innovative financial products‍—‌and the next,” Dan Shellard, Breega Partner

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