Taylor Wessing has advised digital bank Monzo Bank on its £113 million Series F fundraising round.

Led by Y Combinator's Continuity fund, the investment has seen the post-money valuation of Monzo Bank soar to £2 billion.

The team was led by partner Adrian Rainey (Corporate Technology), with support from partner Charlotte Hill (Financial Services & Competition), senior associate Adam Thatcher, associate Victor Chang and trainee Jess Aston (Corporate Technology).

Diana Milanesi, Legal Counsel, Monzo Bank comments: "We are thrilled with the outstanding work that the Taylor Wessing team provided in advising Monzo on this Series F funding round. They continue to support Monzo with strategic legal advice and in-depth market expertise and we greatly enjoy working with them."