Funding round
JOKR Series B
JOKR, which works in online grocery retail in Luxembourg, raised $260M in a Series B round announced on 2 Dec 2021, led by GGV Capital, Balderton Capital and Tiger Global, at a $1.20B post-money valuation. 11 firms took part. It is JOKR's second venture round on record; the one before was a Series A in Jul 2021.
$260M
Amount raised
$1.20B
Post-money valuation
$940M pre-money
11
Investors
3 leads
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced JOKR at $1.20B after the new money. The $260M bought investors about 22% of the company. It came 5 months after JOKR's Series A. It is 49% of the $530M JOKR has raised in the venture rounds on record. JOKR raised again 14 months later: a Series C round of $50M in Feb 2023, at $1.30B post-money.
JOKR's funding rounds
JOKR has 4 venture rounds on record. This one is highlighted.
- Series A 1 Jul 2021, led by Tiger Global, Balderton Capital and GGV Capital $170M
- Series B this round 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
GGV Capital, Balderton Capital and Tiger Global led the round with 8 other firms.
Lead investors
- GGV Capital new investor
- Balderton Capital backs 140 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- backs 48 venture-backed companies new investor
- Greycroft backs 236 venture-backed companies new investor
- G Squared backs 40 venture-backed companies new investor
- HV Capital backs 124 venture-backed companies new investor
- Kaszek backs 85 venture-backed companies new investor
- Mirae Asset Venture Investments backs 37 venture-backed companies new investor
- Monashees backs 73 venture-backed companies new investor
- Moving Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
17 Series B rounds in Groceries within a year either side disclosed an amount; the median was $36M, and this round was 7.2 times the median. The closest in time, other companies' Series B rounds in Groceries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 6 Dec 2021 | $110M | not disclosed | International Finance Corporation and Arcadia Funds |
| Groceries | 16 Dec 2021 | $28M | not disclosed | Left Lane Capital and Quadrille Capital |
| Groceries | 28 Jan 2022 | $200M | not disclosed | Lightspeed Venture Partners and BroadLight Capital |
| Groceries | 1 Jan 2022 | $34M | not disclosed | Tiger Global |
| Groceries | 28 Oct 2021 | $18M | not disclosed | Vulcan Capital Management |
| Groceries | 14 Mar 2022 | $70M | not disclosed | Dragoneer Investment Group and Tiger Global |
| Groceries | 30 Mar 2022 | $50M | not disclosed | Altos Ventures and Balsam Bay Partners |
| Groceries | 7 Apr 2022 | $152M | not disclosed | General Atlantic |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did JOKR raise in its Series B round?
JOKR raised $260M in its Series B round, announced in Dec 2021.
Who led JOKR's Series B round?
GGV Capital, Balderton Capital and Tiger Global led it, with Activant, Greycroft, G Squared, HV Capital and Kaszek and 3 more.
What was JOKR's valuation at the Series B round?
$1.20B post-money ($940M pre-money).
How does it compare with other Series B rounds in Groceries?
17 Series B rounds in Groceries within a year either side disclosed an amount; the median was $36M, and this round was 7.2 times the median.
Did JOKR raise again after this round?
Yes: a Series C round in Feb 2023 of $50M at $1.30B post-money.