All-digital US neobank offering checking, savings, debit, and credit-building products.
Fintech📍 San Francisco, USAFounded 2015
Current Valuation
$2.5B
as of 2021-Q3
UNICORN
IPO Outlookprivate
Is Varo going public?
No. Varo is private and has not filed to go public. There is no S-1 on file.
What is Varo's valuation in 2026?
Varo is valued at $2.5B as of 2021-Q3, set by its Series E ($510M, Sep 2021). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Varo filed an S-1?
No public S-1 is on file for Varo.
Who are Varo's investors?
Varo's investors include Lone Pine Capital, Warburg Pincus, TPG, Declaration Partners, Marshall Wace, BlackRock and 1 more.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Varo is the first US neobank to receive a de novo national bank charter (2020), allowing it to operate without a partner bank. The company was last valued at $2.5B in its 2021 Series E and has been working toward profitability; recent revenue is roughly $129M with continued losses as growth narrows.
Company Profile
CEO
Gavin Michael
Founded
2015
HQ
San Francisco, USA
Employees
~700
Total Raised
$992M
Est. Revenue
$129M (2023-Q4)
Last Round
Series E — $510M (Sep 2021) · Lead: Lone Pine Capital
IPO Status
private
Fundraising Status
Series E · $510M · 4y 11mo ago
privateTotal raised $992M
Secondary Market
Implied price / share
$0.77
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series E
$510M
Sep 2021
Lone Pine Capital
—
Talent Signal
Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
4
via careers page
Product-build share
75%
engineering, research, product, design
Trajectory
steady
heavy product build — 75% of open roles are product-building functions (engineering/research/product) — 2 of 4 open roles are security.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Product & DesignSecurity and ControlSecurity Responsible DisclosureLegal Documents
Counted from Varo's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Colin Walsh
Investors
Lone Pine Capital · Warburg Pincus · TPG · Declaration Partners · Marshall Wace · BlackRock · Russell Westbrook Enterprises
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2021-Q3. Refreshed quarterly.