Insight Partners Invests in Business Banking Start-Up Qonto

Willkie represented Insight Partners in the transaction, which values Qonto at €4.4 billion, one of the largest investment rounds in the French tech ecosystem.

On January 11, Qonto, a France-based online bank for businesses, announced a €486 million Series D funding round jointly led by new investors Tiger Global and TCV, with participation from Insight Partners, Alkeon, Eurazeo, KKR, Exor Seeds, Guillaume Pousaz, Gaingels, Ashley Flucas and existing shareholders Valar, Alven, DST Global and Tencent.

The fintech company plans to use the investment to grow its team from 500 employees to 2,000 people by 2025. Qonto will also invest heavily in its existing markets.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.

The Willkie deal team was led by partners Matthew Haddad and Philip Coletto with assistance from partners Annette Péron and Guy Inbar and associates Megan Gairns and Shay Moyal.