Business-focused neobank Qonto raised $552m from investors including Tencent at a $552m valuation while SK provided $350m for Center for CDMO Breakthrough Medicines.

Funding

France-based, business-focused digital bank Qonto secured €486m ($552m) today in a series D round that, according to TechCrunch, included internet and gaming group Tencent and valued it at $5bn. The round was co-led by Tiger Global Management and TCV and also featured Exor Seeds – on behalf of diversified holding company Exor – as well as Alkeon, Eurazeo, KKR, Insight Partners, Valar, Alven, DST Global, Gaingels and private investors Guillaume Pousaz and Ashley Flucas.

Diversified conglomerate SK provided $350m…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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