Funding round
Voi Series A
Voi, which works in micromobility services and infrastructure development in Stockholm, raised $50M in a Series A round announced on 18 Nov 2018, led by Balderton Capital. 4 firms took part. It is Voi's second venture round on record; the one before was a Seed in Aug 2018.
$50M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Voi did not disclose a valuation in this round. It came 3 months after Voi's Seed. It is 11% of the $468M Voi has raised in the venture rounds on record. Voi raised again 12 months later: a Series B round of $85M in Nov 2019. Its next priced round, a Bridge in Jul 2020, valued it at $270M.
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 this round 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 12 Mar 2024 $25M$380M post-money
- Debt not a venture round 10 Oct 2024 $55M
Investors
Who put money in
Balderton Capital led the round with 3 other firms.
Lead investor
- Balderton Capital backs 140 venture-backed companies new investor
Also in the round
- LocalGlobe new investor
- backs 50 venture-backed companies new investor
- backs 26 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 Bicycle Rental Services, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dott Bicycle Rental Services | 24 Oct 2018 | $29M | not disclosed | Northzone |
| Bicycle Rental Services | 16 Jan 2018 | $10M | not disclosed | Menlo Ventures |
| Preferred Apartment Communities Real Estate Rental | 1 Nov 2018 | $1.50B | not disclosed | not named |
| Automation Anywhere Tech Companies | 15 Nov 2018 | $300M | $2.60B | not named |
| Tech Companies | 27 Nov 2018 | $60M | not disclosed | Jungle Ventures |
| Pharmaceutical Products | 15 Nov 2018 | $42M | not disclosed | V-Bio Ventures and Gimv |
| Software Development Services | 15 Nov 2018 | $40M | not disclosed | Initialized |
| Kitopi Restaurants | 1 Nov 2018 | $27M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Voi raise in its Series A round?
Voi raised $50M in its Series A round, announced in Nov 2018.
Who led Voi's Series A round?
Balderton Capital led it, with LocalGlobe, The Raine Group and VNV Global.
What was Voi's valuation at the Series A round?
It was not disclosed.
Did Voi raise again after this round?
Yes: a Series B round in Nov 2019 of $85M.