Funding round
Voi Growth
Reported as "Growth Equity"
Voi, which works in micromobility services and infrastructure development in Stockholm, raised $25M in a Growth round announced on 12 Mar 2024, at a $380M post-money valuation. 9 firms took part, 9 of them already investors. It is Voi's seventh venture round on record; the one before was a Series D in Dec 2021.
$25M
Amount raised
$380M
Post-money valuation
$355M pre-money
9
Investors
no lead named
0.4x
Step-up from the Series D
$1.00B in Dec 2021
6.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Voi at $380M after the new money, 0.4 times the $1.00B of its Series D (Dec 2021). The $25M bought investors about 6.6% of the company. It came 27 months after Voi's Series D. It is 5.3% of the $468M Voi has raised in the venture rounds on record. No later venture round is on record for Voi.
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 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 this round 12 Mar 2024 $25M$380M post-money
- Debt not a venture round 10 Oct 2024 $55M
Investors
Who put money in
9 firms took part; no lead investor was named.
Investors
- backs 26 venture-backed companies existing investor
- backs 50 venture-backed companies existing investor
- backs 4 venture-backed companies existing investor
- Balderton Capital backs 140 venture-backed companies existing investor
- backs 95 venture-backed companies existing investor
- backs 64 venture-backed companies existing investor
- Stena existing investor
- Black Ice Capital existing investor
- backs 7 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anthropic Tech Companies | 27 Mar 2024 | $2.75B | not disclosed | not named |
| Solör Bioenergi Renewable energy companies | 1 Mar 2024 | $2.12B | not disclosed | not named |
| Tech Companies | 20 Mar 2024 | $326M | not disclosed | not named |
| RapidSOS Tech Companies | 5 Mar 2024 | $150M | not disclosed | BlackRock |
| Banks & ATMs | 11 Mar 2024 | $139M | not disclosed | not named |
| Mortgage Brokers | 1 Mar 2024 | $137M | not disclosed | not named |
| Business Consulting | 4 Mar 2024 | $130M | not disclosed | Investcorp and Sanabil |
| Together AI Tech Companies | 13 Mar 2024 | $106M | $1.25B | Salesforce Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Voi raise in its Growth round?
Voi raised $25M in its Growth round, announced in Mar 2024.
Which investors took part in Voi's Growth round?
VNV Global, The Raine Group, Nineyards Equity, Balderton Capital, Creandum and Project A and 3 more.
What was Voi's valuation at the Growth round?
$380M post-money ($355M pre-money).