Funding round
Yanolja Series D
Yanolja, which works in cloud hospitality platform development in Seoul, raised $180M in a Series D round announced on 11 Jun 2019, led by GIC and Booking Holdings, at a $1.00B post-money valuation. 2 firms took part. It is Yanolja's first venture round on record.
$180M
Amount raised
$1.00B
Post-money valuation
2
Investors
2 leads
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Yanolja at $1.00B after the new money. The $180M bought investors about 18% of the company. It is Yanolja's first venture round on record, 12 years after it was founded in 2007. It is 9.6% of the $1.88B Yanolja has raised in the venture rounds on record. Yanolja raised again 25 months later: a Growth round of $1.70B in Jul 2021, at $9.00B post-money.
Yanolja's funding rounds
Yanolja has 2 venture rounds on record. This one is highlighted.
- Series D this round 11 Jun 2019, led by GIC and Booking Holdings $180M$1.00B post-money
- Growth 15 Jul 2021, led by SoftBank Vision Fund $1.70B$9.00B post-money
Investors
Who put money in
GIC and Booking Holdings led the round.
Lead investors
- GIC backs 98 venture-backed companies new investor
- Booking Holdings 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
110 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 3.6 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Wellhub Tech Companies | 12 Jun 2019 | $100M | $1.11B | SoftBank |
| Tech Companies | 25 Jun 2019 | $75M | not disclosed | JP Morgan Asset Management |
| Tech Companies | 25 Jun 2019 | $70M | not disclosed | Dawn Capital and Insight Partners |
| Tech Companies | 18 Jun 2019 | $50M | not disclosed | Goldman Sachs |
| Tech Companies | 13 Jun 2019 | $50M | not disclosed | Riverwood Capital |
| Megvii Tech Companies | 8 May 2019 | $750M | $4.00B | Bank of China Group Investment |
| Tech Companies | 14 May 2019 | $410M | not disclosed | Vector Capital |
| Gusto Tech Companies | 24 Jul 2019 | $200M | $3.80B | Fidelity Management & Research and Generation Investment Management |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Yanolja raise in its Series D round?
Yanolja raised $180M in its Series D round, announced in Jun 2019.
Who led Yanolja's Series D round?
GIC and Booking Holdings led it.
What was Yanolja's valuation at the Series D round?
$1.00B post-money.
How does it compare with other Series D rounds in Tech Companies?
110 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 3.6 times the median.
Did Yanolja raise again after this round?
Yes: a Growth round in Jul 2021 of $1.70B at $9.00B post-money.