Juni, a Swedish banking platform for e-commerce and online marketing companies, announced the closing of its US$206 million funding round, bringing its total funds raised to US$282 million to date.
The fundraise was led by Mubadala Capital and joined by its current investors EQT Ventures, Felix Capital, Cherry Ventures, and Partners of DST Global.
Additionally, Juni has also secured US$106 million in venture debt financing from TriplePoint Capital, which will be used to fuel the growth of ecommerce businesses through the Juni credit card.
Juni said that with this funding, it will help e-commerce businesses build the right insights, features and integrations while injecting capital into their marketing spend.
“We’re very proud to have secured this funding in such a challenging environment. 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. We’re committed to building the best financial companion for e-commerce and we’re thrilled to have fantastic investors onboard who share our strategic vision.”
said Samir El-Sabini, Co-founder and CEO at Juni.