In a series B round led by Mubadala Capital, Gothenburg-headquartered Juni has raised 100 million dollars to provide financial services for ecommerce businesses enabling them to make better decisions, scale up, and unlock the full potential of ecommerce. Juni’s existing investors including EQT Ventures, Felix Capital, Cherry Ventures, and Partners of DST Global participated the round. The startup company has also received $106M debt financing from TriplePoint Capital. This funding will be a boost for its growth.
Juni closes $206M funding
Juni announced the closing of its $206 million funding round which they will use to fuel ecommerce businesses.
Led by Mubadala Capital, the $100 million Series B round serves to strengthen its commitment to making financial management easy for ecommerce businesses. All of its current investors are participating in the round, which includes EQT Ventures, Felix Capital, Cherry Ventures, and Partners of DST Global. Juni have also secured $106 million in venture debt financing from TriplePoint Capital, which will be used to fuel the growth of ecommerce businesses through its Juni credit card. The conclusion of this round brings Juni’s total funding to $282 million to date.
Juni is a financial management platform tailor-made for ecommerce that ties together physical and virtual cards, credit cards, accounting, analytics and digital advertising platforms, giving businesses a holistic view of their finances. In less than a year since its launch, Juni was recognised as the fastest growing fintech start-up in Europe in 2021.
Over the past year, the startup’s made its mark on the ecommerce landscape. By creating innovative solutions, they’ve been solving the challenges faced by ecommerce businesses of every shape and size, across the UK and Europe.
This funding round is not only beneficial to Juni as a fast-growing scale-up, but for ecommerce owners as well. They are committed to pouring these resources into tools and solutions designed to help its customers unlock new insights and scale, while getting the most value out of their marketing spend.
“We’re very proud to have secured this funding in such a challenging environment”, says Samir El-Sabini, Co-founder and CEO at Juni. “We’re on a mission to give ecommerce businesses peace of mind by making financial management easy. I know first-hand the frustrations of running an ecommerce business and time wasted on spend management, the lack of visibility of cashflow and scaling ad campaigns.
With this funding, we will help ecommerce businesses win by building the right insights, features and integrations while injecting capital into their marketing spend. We’re committed to building the best financial companion for ecommerce and we’re thrilled to have fantastic investors onboard who share our strategic vision.”
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