Funding round
JOKR Series D
JOKR, which works in online grocery retail in Luxembourg, raised $50M in a Series D round announced on 20 Sep 2023, led by Convivialité Ventures, at a $800M post-money valuation. 9 firms took part. It is JOKR's fourth venture round on record; the one before was a Series C in Feb 2023.
$50M
Amount raised
$800M
Post-money valuation
$750M pre-money
9
Investors
1 lead
0.6x
Step-up from the Series C
$1.30B in Feb 2023
6.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced JOKR at $800M after the new money, 0.6 times the $1.30B of its Series C (Feb 2023). The $50M bought investors about 6.3% of the company. It came 7 months after JOKR's Series C. It is 9.4% of the $530M JOKR has raised in the venture rounds on record. No later venture round is on record for JOKR.
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 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 this round 20 Sep 2023, led by Convivialité Ventures $50M$800M post-money
Investors
Who put money in
Convivialité Ventures led the round with 8 other firms.
Lead investor
- backs 15 venture-backed companies new investor
Also in the round
- Lombard Odier new investor
- G Squared backs 40 venture-backed companies new investor
- GGV new investor
- Balderton Capital backs 140 venture-backed companies new investor
- Monashees backs 73 venture-backed companies new investor
- Greycroft backs 236 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
- backs 44 venture-backed companies 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
The closest in time: 2 in Groceries, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 21 Feb 2023 | $104M | not disclosed | Amazon Smbhav Venture Fund |
| Groceries | 19 Sep 2022 | $2.0M | not disclosed | ACA Investments |
| Anthropic Tech Companies | 1 Sep 2023 | $8.00B | not disclosed | Amazon |
| Ascend Elements Batteries | 6 Sep 2023 | $460M | not disclosed | Decarbonization Partners and Temasek |
| Tech Companies | 10 Sep 2023 | $229M | $900M | Kedaara Capital |
| Insurance - Agents, Carriers & Brokers | 21 Sep 2023 | $100M | not disclosed | Eden Global Partners |
| Pharmaceutical Products | 13 Sep 2023 | $80M | not disclosed | not named |
| Redwood Materials Batteries | 29 Aug 2023 | $1.00B | $5.25B | Goldman Sachs Asset Management and Capricorn's Technology Impact Fund |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did JOKR raise in its Series D round?
JOKR raised $50M in its Series D round, announced in Sep 2023.
Who led JOKR's Series D round?
Convivialité Ventures led it, with Lombard Odier, G Squared, GGV, Balderton Capital and Monashees and 3 more.
What was JOKR's valuation at the Series D round?
$800M post-money ($750M pre-money).