Funding round
Voi Series B
Voi, which works in micromobility services and infrastructure development in Stockholm, raised $85M in a Series B round announced on 10 Nov 2019, led by VNV Global. 10 firms took part. It is Voi's third venture round on record; the one before was a Series A in Nov 2018.
$85M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Voi did not disclose a valuation in this round. It came 12 months after Voi's Series A. It is 18% of the $468M Voi has raised in the venture rounds on record. Voi raised again 8 months later: a Bridge round of $30M in Jul 2020, at $270M post-money.
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 this round 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
VNV Global led the round with 9 other firms.
Lead investor
- backs 26 venture-backed companies new investor
Also in the round
- Balderton Capital backs 140 venture-backed companies new investor
- backs 95 venture-backed companies new investor
- backs 64 venture-backed companies new investor
- JME Ventures new investor
- backs 50 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Rider Global new investor
- Black Ice Capital 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 B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dott Bicycle Rental Services | 7 Oct 2019 | $60M | not disclosed | Mubadala Capital and Goodwater Capital |
| Bicycle Rental Services | 3 Jun 2020 | $47M | not disclosed | Valor Capital Group and Redpoint eventures |
| Automation Anywhere Tech Companies | 21 Nov 2019 | $290M | $6.80B | Salesforce Ventures |
| OPay Payment Processing & Point of Sale | 18 Nov 2019 | $120M | not disclosed | not named |
| Electronical Components Manufacturing | 14 Nov 2019 | $100M | not disclosed | not named |
| eGenesis Biotechnology | 7 Nov 2019 | $100M | not disclosed | Fresenius Medical Care Ventures |
| Moveworks Tech Companies | 14 Nov 2019 | $75M | not disclosed | Kleiner Perkins and ICONIQ Capital |
| Tech Companies | 14 Nov 2019 | $75M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Voi raise in its Series B round?
Voi raised $85M in its Series B round, announced in Nov 2019.
Who led Voi's Series B round?
VNV Global led it, with Balderton Capital, Creandum, Project A, JME Ventures and The Raine Group and 4 more.
What was Voi's valuation at the Series B round?
It was not disclosed.
Did Voi raise again after this round?
Yes: a Bridge round in Jul 2020 of $30M at $270M post-money.