Funding round
Toss Business Series F
Toss Business, which works in superapp platform services in Seoul, raised $64M in a Series F round announced on 8 Aug 2019, led by Aspex Management, at a $2.20B post-money valuation. 1 firm took part, 1 of them already investors. It is Toss Business' fourth venture round on record; the one before was a Growth in Dec 2018.
$64M
Amount raised
$2.20B
Post-money valuation
1
Investors
1 lead
1.8x
Step-up from the Growth
$1.20B in Dec 2018
2.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Toss Business at $2.20B after the new money, 1.8 times the $1.20B of its Growth (Dec 2018). The $64M bought investors about 2.9% of the company. It came 8 months after Toss Business' Growth. It is 10% of the $626M Toss Business has raised in the venture rounds on record. Toss Business raised again 22 months later: a Series H+ round of $410M in Jun 2021, at $7.40B post-money.
Toss Business' funding rounds
Toss Business has 5 venture rounds on record. This one is highlighted.
- Series B 29 Sep 2016, led by Goodwater Capital and Qualcomm Ventures $24M
- Series C 9 Mar 2017, led by Goodwater Capital $48M
- Growth 10 Dec 2018, led by Ribbit $80M$1.20B post-money
- Series F this round 8 Aug 2019, led by Aspex Management $64M$2.20B post-money
- Series H+ 30 Jun 2021, led by Alkeon $410M$7.40B post-money
Investors
Who put money in
Aspex Management led the round. Aspex Management had backed Toss Business before.
Lead investor
- Aspex Management existing investor
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Aug 2019 | $100M | $370M | Francisco Partners |
| FlixBus Buses, Shuttles & Local Transit | 1 Jul 2019 | $567M | $2.00B | not named |
| OYO Hotels | 7 Oct 2019 | $1.50B | $10.00B | SoftBank and Lightspeed Venture Partners |
| Databricks Tech Companies | 22 Oct 2019 | $400M | $6.20B | Andreessen Horowitz |
| Vestiaire Collective Clothing Stores | 1 Jun 2019 | $45M | not disclosed | not named |
| Mining & Gas Exploration | 20 Jun 2019 | $2.5M | not disclosed | not named |
| Bluevine Banks & ATMs | 19 Nov 2019 | $103M | not disclosed | ION Asset Management |
| Tech Companies | 15 May 2019 | $55M | $850M | Silver Lake Waterman |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Toss Business raise in its Series F round?
Toss Business raised $64M in its Series F round, announced in Aug 2019.
Who led Toss Business' Series F round?
Aspex Management led it.
What was Toss Business' valuation at the Series F round?
$2.20B post-money.
Did Toss Business raise again after this round?
Yes: a Series H+ round in Jun 2021 of $410M at $7.40B post-money.