Xapo Bank
Xapo is a fintech company that offers secure, private banking, and one of the first regulated cryptocurrency banks globally. The company was founded with the aim of making Bitcoin ownership more secure and accessible.
- Pillar
- Private Investments - Direct
- Theme
- Fintech
- Status
- Exited
- Geography
- Europe, UK
- Invested date
- September 2021
- Exit date
- January 2025
- Exit
- Realised a 2.3x return and 28% IRR
Through our close relationship with Ribbit Capital, a leading venture investor in financial services, we were offered the opportunity to invest in Xapo, one of the world’s first regulated cryptocurrency banks, offering institutional-grade Bitcoin custody services.
Over the subsequent years, the investment in Xapo benefitted from the increased adoption and price appreciation of Bitcoin. We successfully exited our investment as part of a management buyout transaction in early 2025 at a 37% uplift to the December 2024 holding value, generating a 2.3x return and 28% IRR (in £).