Funding round
Gojo Series B
Gojo, which works in microfinance services in Tokyo, raised $17M in a Series B round announced on 29 Jun 2018. 1 firm took part. It is Gojo's first venture round on record.
$17M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Gojo did not disclose a valuation in this round. It is Gojo's first venture round on record, 4 years after it was founded in 2014. It is 5.7% of the $297M Gojo has raised in the venture rounds on record. Gojo raised again 15 months later: a Series C round of $40M in Sep 2019.
Gojo's funding rounds
Gojo has 5 venture rounds on record and 4 other deals. This one is highlighted.
- Series B this round 29 Jun 2018 $17M
- Series C 30 Sep 2019, led by Dai-ichi Life Insurance Co., Ltd. $40M
- Series D 17 Dec 2020 $68M
- Debt not a venture round 22 Feb 2022 $1.7M
- Debt not a venture round 28 Jun 2022 $11M
- Series E 15 Nov 2022 $50M
- Debt not a venture round 16 Aug 2023 $55M
- Debt not a venture round 24 Oct 2024 $111M
- Series F 24 Oct 2024 $122M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 53 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
28 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $20M, and this round was 85% of the median. The closest in time, other companies' Series B rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 26 Jun 2018 | $40M | not disclosed | F-Prime Capital |
| Loans & Financing | 19 Jun 2018 | $14M | not disclosed | Airtree |
| Loans & Financing | 9 Jul 2018 | $10M | not disclosed | ACP Partners |
| Loans & Financing | 5 Apr 2018 | $30M | not disclosed | World Innovation Lab |
| Funding Societies Loans & Financing | 18 Apr 2018 | $25M | not disclosed | SoftBank Ventures Asia |
| Loans & Financing | 20 Apr 2018 | $23M | not disclosed | SoftBank Ventures Asia |
| Loans & Financing | 28 Aug 2018 | $20M | not disclosed | Blenheim Chalcot and Legal & General |
| Loans & Financing | 21 Aug 2018 | $18M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Gojo raise in its Series B round?
Gojo raised $17M in its Series B round, announced in Jun 2018.
Which investors took part in Gojo's Series B round?
JAFCO.
What was Gojo's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Loans & Financing?
28 Series B rounds in Loans & Financing within a year either side disclosed an amount; the median was $20M, and this round was 85% of the median.
Did Gojo raise again after this round?
Yes: a Series C round in Sep 2019 of $40M.