Voi announces another $160 million Series C funding round

The Series C funds take total funding of Voi over the last four months to US$190 million, including the $30 million announced this past July and completed in September.

The Raine Group, a global integrated merchant bank advising and investing in high-growth sectors of technology led the capital raise.

The round also attracted investment from existing investors, including VNV Global, Balderton, Creandum, Project A, Inbox, Nordic Ninja, and Stena Sessan.

Top entrepreneurs and executives from Amazon, Delivery Hero, iZettle, Klarna, Kry/Livi, Nordic Ninja, and Zillow also participated in this latest funding round.

Through this new funding, Voi has also secured an industry first: scaled asset-backed debt facility, which will be directed towards scooter and e-bike investment in 2021.

Thus, Voi are the first in this industry to be able to borrow money with scooters as collateral.

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