# Voi Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/voi-technology

- Industry: Transportation Services
- Headquarters: Stockholm, Sweden
- Website: www.voi.com
- Total disclosed funding: $358M
- Latest round: Series D (Dec 20, 2021)
- Investors on record: 16

## About

Founded in 2018 by its CEO Fredrik Hjelm, Adam Jafer, Douglas Stark, Filip Lindvall, Keith Richman and based in Stockholm, Sweden, Voi Technology AB, also known as Voi, operates as a provider of electric scooter rental services designed to provide transportation facilities that can be booked through mobile applications and scanning QR codes. Voi operates in over 50 cities across 11 countries. In October 2024, Voi Technology AB raised EUR 50 million in venture debt funding from unspecified investors. The round was part of a larger EUR 125 million venture debt funding.

The company offers electric scooter rentals through its mobile apps.

The company will use the October 2024 funding to scale its e-bike and e-scooter fleets, refinance its debt, and for general corporate purposes.

## Funding rounds

- Series D, Dec 20, 2021, $115M — Ilmarinen Mutual Pension Insurance Company, Kreos Capital, VNV Global, The Raine Group, Inbox Capital, NordicNinja VC, Stena Sessan, Nineyards Equity, ICT Capital
- Series C, Aug 6, 2021, $45M — VNV Global, The Raine Group
- Series C, Nov 30, 2020 — VNV Global, Creandum, Balderton Capital, The Raine Group, Project A, Inbox Capital, Stena Sessan
- Series B, Jul 16, 2020, $30M — Kreos Capital, VNV Global, Creandum, Balderton Capital, The Raine Group, Project A, Inbox Capital, JME Ventures, Rider Global, Black Ice Capital
- Series B, Nov 10, 2019, $85M — Kreos Capital, VNV Global, Creandum, Balderton Capital, The Raine Group, Project A, Inbox Capital, JME Ventures, Rider Global, Black Ice Capital
- Series B, Mar 3, 2019, $30M — VNV Global, Creandum, Balderton Capital, The Raine Group, Project A, LocalGlobe, Rider Global
- Series A, Nov 18, 2018, $50M — VNV Global, Balderton Capital, The Raine Group, LocalGlobe
- Seed, Aug 13, 2018, $2.9M — VNV Global

## Investors

- VNV Global (https://capitalatlas.ai/funds/vnv-global) — Seed, Series A, Series B, Series C, Series D
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A, Series B, Series C
- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series A, Series B, Series C, Series D
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Series A, Series B
- Creandum (https://capitalatlas.ai/funds/creandum) — Series B, Series C
- Project A (https://capitalatlas.ai/funds/project-a) — Series B, Series C
- Rider Global — Series B
- Kreos Capital — Series B, Series D
- Inbox Capital (https://capitalatlas.ai/funds/inbox-capital) — Series B, Series C, Series D
- JME Ventures (https://capitalatlas.ai/funds/jme-ventures) — Series B
- Black Ice Capital — Series B
- Stena Sessan (https://capitalatlas.ai/funds/stena-sessan) — Series C, Series D
- Ilmarinen Mutual Pension Insurance Company — Series D
- NordicNinja VC (https://capitalatlas.ai/funds/nordicninja-vc) — Series D
- Nineyards Equity (https://capitalatlas.ai/funds/nineyards-equity) — Series D
- ICT Capital (https://capitalatlas.ai/funds/ict-capital) — Series D