Virgin Money

Company

Investment-firm

Last deal

$45.21M
Local Amount - GBP 35M

Amount

Grant

Stage

07.10.2020

Date

1

all rounds

$45.21M

Total amount

Financing round

General

About Company
Clydesdale Bank is a disruptive force in UK banking.

Industry

Sector :

Subsector :

Keywords :

Also Known As

CYBG

founded date

01.01.2015

founders

Number of employees

Company Type

For Profit

Last funding type

Grant

IPO status

Private

Description

Established in 1838 in Glasgow, Clydesdale Bank is one of Scotland's largest banks, with over 70 branches and a network of business and private banking centers. It has a history of innovation and support for Scottish industry and communities. Recently, Clydesdale Bank, Yorkshire Bank, and Virgin Money merged to create the UK's 6th largest bank. As a holding company, it owns Clydesdale Bank and Yorkshire Bank in the United Kingdom.
Contacts

location

Phone number

Social url

Sub-Organizations
4

CYB Investments Ltd.

CYB Investments Ltd. offers banking products and services to retail and small business customers through Clydesdale Bank and Yorkshire Bank.

Sector

Banks

Subsector

Banks

Keywords

Banking, Financial Services

Location

Glasgow, UK

National Europe Holdings Ltd.

National Europe Holdings Ltd is a banking company.

Sector

Banks

Subsector

Banks

Location

London, UK
Yorkshire Bank

Yorkshire Bank

The leading representative office of a Corporate Investor is located in Leeds.

Sector

Banks

Subsector

Banks

Keywords

Financial Services, Banking, Finance

Location

Leeds, UK

count Of Investments

12

count Of Exists

3
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Subsector

Banks

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Subsector

Banks

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Subsector

Banks

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Financial Services, Banking, Finance

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1
City Union Bank

City Union Bank

City Union Bank is an Indian bank that provides banking products and services to individuals and corporations in India.

Sector

Banks

Subsector

Banks

Keywords

Banking, Financial Services, Finance

Location

Chennai, Tamil Nadu, India

total rounds

4

total raised

$33.1M
M&A Details
1

Acquired by

Nationwide Building Society

announced date

22.05.2024

price

$3.69B
Local Amount - GBP 2.9B

Financials

Funding Rounds
1
1

Number of Funding Rounds

$45.21M

Money Raised

Their latest funding was raised on 07.10.2020. Their latest investor Capability and Innovation Fund. Their latest round Grant

Date 
Funding Round 
Investors 
Money Raised 
Lead 
07.10.2020
1
$45.21M
Local Amount - GBP 35M
Capability and Innovation Fund

Capability and Innovation Fund

Capability and Innovation Fund, managed by BCR, provides financial support to eligible entities to enhance their products and services.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Keywords

Financial Services

Location

London, UK

count Of Investments

23

count Of Exists

2
Investments
4
Date 
name 
Lead 
type 
Raised 
31.07.2024
Yes
$1.89M
Local Amount - EUR 1.75M
31.10.2023
Yes
$3.95M
Local Amount - GBP 3.25M
12.04.2023
No
$4.37M
Local Amount - GBP 3.5M
Shot Scope

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Shot Scope Technologies develops smart wearable technology for golfers.

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Leisure Goods

Subsector

Recreational Products

Location

Edinburgh, UK

total rounds

8

total raised

$18.83M
Sessions Marketplace

Sessions Marketplace

Sessions is a platform that supports founder-led food brands in the UK by providing spaces and opportunities for them to develop and scale.

Sector

Consumer Services

Subsector

Vending and Catering Service

Keywords

Food and Beverage, Software

Location

Brighton, UK

total rounds

2

total raised

$13.95M
Taylor & Hart

Taylor & Hart

Taylor & Hart creates and delivers engagement rings that allow individuals to express their emotions for each other.

Sector

Personal Goods

Subsector

Luxury Items

Keywords

E-Commerce

Location

London, UK

total rounds

12

total raised

$11.67M
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
Capability and Innovation Fund

Capability and Innovation Fund

Capability and Innovation Fund, managed by BCR, provides financial support to eligible entities to enhance their products and services.

Sector

Investment Banking and Brokerage Services

Subsector

Diversified Financial Services

Keywords

Financial Services

Location

London, UK

count Of Investments

23

count Of Exists

2
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
18.06.2018
$2.25B
Local Amount - GBP 1.7B
Virgin Money acquired by Virgin Money

Virgin Money acquired by Virgin Money

acquirer

Virgin Money
Virgin Money

date

18.06.2018

type

Acquisition

price

$2.25B
Virgin Money

Virgin Money

Virgin Money is a retail bank that offers a range of banking services, including savings, investments, mortgages, insurance, and pensions.

Sector

Banks

Subsector

Banks

Keywords

Financial Services, Insurance, Banking

Location

Newcastle upon Tyne, UK

total rounds

1

count Of Investments

1

People

Founders
1
David Duffy
David Duffy

David Duffy

David joined the business in June 2015 as CEO and led the separation of CYBG from National Australia Bank and the Initial Public Offering of CYBG in 2016. Since then, he has led the Group through the acquisition of Virgin Money in 2018, the subsequent integration of the two banks and rebranding of CYBG plc to Virgin Money UK plc.

current job

Virgin Money
Virgin Money

organization founded

1

David Duffy

Employee Profiles
5
David Duffy

David Duffy

Chief Executive Officer

Samantha Bedford

Samantha Bedford

Head of Innovation and New Ways of Working

Margaret Gibson

Margaret Gibson

Strategic Procurement Lead

Mark Curran

Mark Curran

Director of Payments and Open Banking

Activity

Recent News
0