Monzo’s latest round included £11M in secondary as founding employees partly

[james (James Nicholson)]

More details about how it works in the blog post, but this bit is important:

By giving employees the chance to sell some of their shares, we were able to offer more shares to new investors, with less overall dilution.

Share Options: More Than Just a Lottery Ticket

In future investment rounds, any employee who has been with Monzo for three years or more will have the opportunity to sell up to 10% of their options, provided there is demand for those shares from new investors. @tom explains what we’re doing to make sure our team share in any future rewards https://monzo.com/blog/2017/11/20/share-options/