Funding round
Gojo Series E
Gojo, which works in microfinance services in Tokyo, raised $50M in a Series E round announced on 15 Nov 2022. 21 firms took part, 3 of them already investors, with 1 individual investor. It is Gojo's fourth venture round on record; the one before was a Series D in Dec 2020.
$50M
Amount raised
7,000,000,000 JPY converted
Not disclosed
Post-money valuation
21
Investors
no lead named
Valuation
What this round says about the price
Gojo did not disclose a valuation in this round. It came 23 months after Gojo's Series D. It is 17% of the $297M Gojo has raised in the venture rounds on record. Gojo raised again 23 months later: a Series F round of $122M in Oct 2024.
Gojo's funding rounds
Gojo has 5 venture rounds on record and 4 other deals. This one is highlighted.
- Series B 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 this round 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
21 firms took part; no lead investor was named.
Investors
- backs 32 venture-backed companies existing investor
- backs 2 venture-backed companies existing investor
- SOMPO Holdings CVC existing investor
- backs 7 venture-backed companies new investor
- SMBC Nikko Securities new investor
- QR Investment new investor
- Miyagi Bank Venture Capital new investor
- Itochu Corporation new investor
- Venture Lab Investment new investor
- HFA Capital new investor
- FFG Venture Business Partners new investor
- Samurai Incubate Fund 6 new investor
- Hashimoto Foundation new investor
- CAPITAL X new investor
- Sumisho Venture Partners new investor
- Marubeni Corporation new investor
- Chiba Dojo Fund new investor
- Tsuneishi Capital Partners new investor
- backs 3 venture-backed companies new investor
- HAKUHODO DY FUTURE DESIGN FUND new investor
- KDDI Open Innovation Fund 3 new investor
Individual investors: 複数の個人投資家.
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and acquisitions.
- Geographic expansion
- Acquisitions
Comparable rounds
How it compares
The closest in time: 2 in Loans & Financing, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 20 Apr 2022 | $50M | not disclosed | Nuveen |
| Loans & Financing | 10 Mar 2022 | $225M | not disclosed | Healthcare of Ontario Pension Plan (HOOPP) and BVV Cayman Ltd. |
| Volocopter Aircraft Parts & Services | 1 Nov 2022 | $182M | $1.70B | NEOM and GLy Capital Management |
| Tech Companies | 2 Nov 2022 | $123M | $1.70B | Thoma Bravo and Sanabil |
| Tech Companies | 4 Nov 2022 | $16M | not disclosed | not named |
| Anduril Aerospace and Defence | 1 Dec 2022 | $1.48B | $8.48B | Valor |
| Form Energy Batteries | 4 Oct 2022 | $450M | not disclosed | TPG |
| Industrial Air Solutions | 15 Dec 2022 | $318M | not disclosed | Chevron New Energies |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Gojo raise in its Series E round?
Gojo raised $50M in its Series E round, announced in Nov 2022.
Which investors took part in Gojo's Series E round?
GMO VenturePartners, TGVest Capital, SOMPO Holdings CVC, ACA Investments, SMBC Nikko Securities and QR Investment and 15 more.
What was Gojo's valuation at the Series E round?
It was not disclosed.
Did Gojo raise again after this round?
Yes: a Series F round in Oct 2024 of $122M.