Funding round
Voi Series D
Voi, which works in micromobility services and infrastructure development in Stockholm, raised $115M in a Series D round announced on 21 Dec 2021, led by The Raine Group and VNV Global, at a $1.00B post-money valuation. 9 firms took part. It is Voi's sixth venture round on record; the one before was a Series C in Dec 2020.
$115M
Amount raised
$1.00B
Post-money valuation
9
Investors
2 leads
3.7x
Step-up from the Bridge
$270M in Jul 2020
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Voi at $1.00B after the new money, 3.7 times the $270M of its Bridge (Jul 2020). The $115M bought investors about 12% of the company. It came 12 months after Voi's Series C. It is 25% of the $468M Voi has raised in the venture rounds on record. Voi raised again 27 months later: a Growth round of $25M in Mar 2024, at $380M 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 1 Dec 2020, led by The Raine Group $160M
- Series D this round 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 and VNV Global led the round with 7 other firms.
Lead investors
- backs 50 venture-backed companies new investor
- backs 26 venture-backed companies new investor
Also in the round
- backs 13 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- Stena Sessan new investor
- backs 25 venture-backed companies new investor
- Ilmarinen new investor
- backs 4 venture-backed companies new investor
- ICT Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anchorage Digital Cryptocurrency | 15 Dec 2021 | $350M | $3.00B | KKR |
| Infarm Fruit & Vegetable - Markets & Stores | 16 Dec 2021 | $200M | $1.00B | Qatar Investment Authority |
| Tech Companies | 16 Dec 2021 | $200M | $1.00B | Qatar Investment Authority |
| Biotechnology | 9 Dec 2021 | $189M | not disclosed | HSG and CMB International Capital Corporation |
| Food delivery | 17 Dec 2021 | $130M | not disclosed | Perwyn |
| Tech Companies | 6 Dec 2021 | $110M | $600M | Tiger Global |
| Tech Companies | 7 Dec 2021 | $110M | $960M | Sixth Street |
| Catering & Delivery | 15 Dec 2021 | $100M | $1.60B | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Voi raise in its Series D round?
Voi raised $115M in its Series D round, announced in Dec 2021.
Who led Voi's Series D round?
The Raine Group and VNV Global led it, with Inbox Capital, NordicNinja, Stena Sessan, Kreos Capital and Ilmarinen and 2 more.
What was Voi's valuation at the Series D round?
$1.00B post-money.
Did Voi raise again after this round?
Yes: a Growth round in Mar 2024 of $25M at $380M post-money.