Funding round
Voi Series C
Voi, which works in micromobility services and infrastructure development in Stockholm, raised $160M in a Series C round announced on 1 Dec 2020, led by The Raine Group. 10 firms took part. It is Voi's fifth venture round on record; the one before was a Bridge in Jul 2020.
$160M
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; its last disclosed one was $270M at the Bridge (Jul 2020). It came 5 months after Voi's Bridge. It is 34% of the $468M Voi has raised in the venture rounds on record. Voi raised again 12 months later: a Series D round of $115M in Dec 2021, at $1.00B 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 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 this round 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
The Raine Group led the round with 9 other firms.
Lead investor
- backs 50 venture-backed companies new investor
Also in the round
- backs 26 venture-backed companies new investor
- Balderton Capital backs 140 venture-backed companies new investor
- backs 95 venture-backed companies new investor
- backs 64 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- Vostok new investor
- LocalGlobe 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 C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dott Bicycle Rental Services | 10 Nov 2020 | $250M | $1.00B | SoftBank Vision Fund |
| Bicycle Rental Services | 30 Sep 2021 | $80M | not disclosed | Crescera Capital and PIPO Capital |
| OneTrust Tech Companies | 21 Dec 2020 | $300M | $5.10B | Technology Crossover Ventures |
| Tech Companies | 22 Dec 2020 | $265M | not disclosed | Hillhouse |
| Cityblock Health Health Care Services | 10 Dec 2020 | $160M | $1.00B | General Catalyst |
| Paxos Cryptocurrency | 17 Dec 2020 | $142M | not disclosed | Declaration Partners |
| Tech Companies | 8 Dec 2020 | $135M | not disclosed | Intel Capital |
| Software Development Services | 17 Dec 2020 | $130M | $500M | Technology Crossover Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Voi raise in its Series C round?
Voi raised $160M in its Series C round, announced in Dec 2020.
Who led Voi's Series C round?
The Raine Group led it, with VNV Global, Balderton Capital, Creandum, Project A and Inbox Capital and 4 more.
What was Voi's valuation at the Series C round?
It was not disclosed; its last disclosed one was $270M at the Bridge (Jul 2020).
Did Voi raise again after this round?
Yes: a Series D round in Dec 2021 of $115M at $1.00B post-money.