Funding round
Voi Bridge
Voi, which works in micromobility services and infrastructure development in Stockholm, raised $30M in a Bridge round announced on 16 Jul 2020, led by VNV Global, at a $270M post-money valuation. 1 firm took part, 1 of them already investors. It is Voi's fourth venture round on record; the one before was a Series B in Nov 2019.
$30M
Amount raised
$270M
Post-money valuation
1
Investors
1 lead
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Voi at $270M after the new money. The $30M bought investors about 11% of the company. It came 8 months after Voi's Series B. It is 6.4% of the $468M Voi has raised in the venture rounds on record. Voi raised again 5 months later: a Series C round of $160M in Dec 2020. Its next priced round, a Series D in Dec 2021, valued it at $1.00B.
Voi's funding rounds
Voi has 7 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 13 Aug 2018, led by VNV Global $2.9M
- Series A 18 Nov 2018, led by Balderton Capital $50M
- Series B 10 Nov 2019, led by VNV Global $85M
- Bridge this round 16 Jul 2020, led by VNV Global $30M$270M post-money
- Debt not a venture round 1 Dec 2020 amount not disclosed
- Series C 1 Dec 2020, led by The Raine Group $160M
- Series D 21 Dec 2021, led by The Raine Group and VNV Global $115M$1.00B post-money
- Growth 12 Mar 2024 $25M$380M post-money
- Debt not a venture round 10 Oct 2024 $55M
Investors
Who put money in
VNV Global led the round. VNV Global had backed Voi before.
Lead investor
- backs 26 venture-backed companies existing 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: Bridge rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Biotechnology | 29 Jul 2020 | $89M | not disclosed | Casdin Capital |
| Groceries | 1 Jul 2020 | $12M | not disclosed | not named |
| Tech Companies | 15 Jul 2020 | $7.0M | not disclosed | not named |
| Meat Production & Processing | 30 Jul 2020 | $2.0M | not disclosed | TechU Ventures |
| Pharmaceutical Products | 8 Jul 2020 | $1.9M | not disclosed | not named |
| Casino & Betting | 7 Jul 2020 | $850K | not disclosed | Parlay Capital Holdings |
| Tech Companies | 3 Jul 2020 | $600K | not disclosed | Better Capital and Titan Capital |
| Real Estate - Agents & Managers | 28 Jul 2020 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Voi raise in its Bridge round?
Voi raised $30M in its Bridge round, announced in Jul 2020.
Who led Voi's Bridge round?
VNV Global led it.
What was Voi's valuation at the Bridge round?
$270M post-money.
Did Voi raise again after this round?
Yes: a Series C round in Dec 2020 of $160M.