Funding round
JOKR Series A
JOKR, which works in online grocery retail in Luxembourg, raised $170M in a Series A round announced on 1 Jul 2021, led by Tiger Global, Balderton Capital and GGV Capital. 10 firms took part. It is JOKR's first venture round on record.
$170M
Amount raised
Not disclosed
Post-money valuation
10
Investors
3 leads
Valuation
What this round says about the price
JOKR did not disclose a valuation in this round. It is JOKR's first venture round on record, in the year it was founded (2021). It is 32% of the $530M JOKR has raised in the venture rounds on record. JOKR raised again 5 months later: a Series B round of $260M in Dec 2021, at $1.20B post-money.
JOKR's funding rounds
JOKR has 4 venture rounds on record. This one is highlighted.
- Series A this round 1 Jul 2021, led by Tiger Global, Balderton Capital and GGV Capital $170M
- Series B 2 Dec 2021, led by GGV Capital, Balderton Capital and Tiger Global $260M$1.20B post-money
- Series C 6 Feb 2023, led by G Squared $50M$1.30B post-money
- Series D 20 Sep 2023, led by Convivialité Ventures $50M$800M post-money
Investors
Who put money in
Tiger Global, Balderton Capital and GGV Capital led the round with 7 other firms.
Lead investors
- Tiger Global backs 391 venture-backed companies new investor
- Balderton Capital backs 140 venture-backed companies new investor
- GGV Capital new investor
Also in the round
- Softbank new investor
- HV Capital backs 124 venture-backed companies new investor
- backs 48 venture-backed companies new investor
- Greycroft backs 236 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
- Monashees backs 73 venture-backed companies new investor
- FJ Labs backs 316 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
25 Series A rounds in Groceries within a year either side disclosed an amount; the median was $12M, and this round was 14 times the median. The closest in time, other companies' Series A rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 19 Jul 2021 | $16M | not disclosed | VNV Global |
| Groceries | 19 Jul 2021 | $4.6M | not disclosed | CPF Group and Quest Ventures |
| Groceries | 23 Aug 2021 | $30M | not disclosed | Defy and Wavemaker Partners |
| Groceries | 4 Aug 2021 | $3.3M | not disclosed | not named |
| Groceries | 7 Sep 2021 | $16M | not disclosed | Go-Ventures |
| Groceries | 21 Sep 2021 | $12M | not disclosed | Monk's Hill Ventures |
| Groceries | 13 Sep 2021 | $3.5M | not disclosed | Picus Capital |
| Groceries | 1 Oct 2021 | $4.0M | not disclosed | Incofin |
Questions
Frequently asked
How much did JOKR raise in its Series A round?
JOKR raised $170M in its Series A round, announced in Jul 2021.
Who led JOKR's Series A round?
Tiger Global, Balderton Capital and GGV Capital led it, with Softbank, HV Capital, Activant, Greycroft and Kaszek and 2 more.
What was JOKR's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Groceries?
25 Series A rounds in Groceries within a year either side disclosed an amount; the median was $12M, and this round was 14 times the median.
Did JOKR raise again after this round?
Yes: a Series B round in Dec 2021 of $260M at $1.20B post-money.