Funding round
Yanolja Growth
Reported as "Growth Equity"
Yanolja, which works in cloud hospitality platform development in Seoul, raised $1.70B in a Growth round announced on 15 Jul 2021, led by SoftBank Vision Fund, at a $9.00B post-money valuation. 1 firm took part. It is Yanolja's second venture round on record; the one before was a Series D in Jun 2019.
$1.70B
Amount raised
$9.00B
Post-money valuation
1
Investors
1 lead
9.0x
Step-up from the Series D
$1.00B in Jun 2019
19%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Yanolja at $9.00B after the new money, 9.0 times the $1.00B of its Series D (Jun 2019). The $1.70B bought investors about 19% of the company. It came 25 months after Yanolja's Series D. It is 90% of the $1.88B Yanolja has raised in the venture rounds on record. No later venture round is on record for Yanolja.
Yanolja's funding rounds
Yanolja has 2 venture rounds on record. This one is highlighted.
- Series D 11 Jun 2019, led by GIC and Booking Holdings $180M$1.00B post-money
- Growth this round 15 Jul 2021, led by SoftBank Vision Fund $1.70B$9.00B post-money
Investors
Who put money in
SoftBank Vision Fund led the round.
Lead investor
- SoftBank Vision Fund backs 234 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 28 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| insightsoftware Tech Companies | 13 Jul 2021 | $1.00B | $4.00B | Hg and TA Associates |
| Availity Tech Companies | 1 Jul 2021 | $452M | not disclosed | Francisco Partners |
| Age of Learning Tech Companies | 1 Jul 2021 | $300M | $3.00B | TPG |
| Netskope Tech Companies | 9 Jul 2021 | $300M | $7.50B | ICONIQ Growth |
| Tech Companies | 20 Jul 2021 | $235M | not disclosed | General Atlantic |
| C4 Tech Companies | 29 Jul 2021 | $215M | $2.30B | Summit Partners |
| Orca Security Tech Companies | 4 Jul 2021 | $150M | $1.75B | not named |
| Tech Companies | 7 Jul 2021 | $100M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Yanolja raise in its Growth round?
Yanolja raised $1.70B in its Growth round, announced in Jul 2021.
Who led Yanolja's Growth round?
SoftBank Vision Fund led it.
What was Yanolja's valuation at the Growth round?
$9.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 28 times the median.