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Startups & Venture·October 5, 2026·1 min read

Why a $100m Series B startup decided to test the LSE’s new private market

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A $100m Series B company opting for the LSE’s private market is another data point that late-stage equity is searching for liquidity paths outside the classic IPO/mega-round loop. If you’re past Series B, you now have to model secondary and private listing options into your cap table and retention strategy, not just your exit slide.

Startups & Venture

Sources: UK neobank Monzo is in talks with CVC and Advent to sell up to a 15% stake, after Nubank takeover talks collapsed over the ~£10B valuation Monzo sought

Late-stage fintechs are increasingly trading control risk for growth capital—Monzo shopping a ~15% stake after a failed ~£10B takeout is another data point that strategic buyers are balking at current private marks. If you’re building in regulated finance, assume your next round is a structured deal with governance strings, not a clean markup.