Jokr raises $50 million
Lars-Thorben Niggehoff
| 06.02.2023
The food delivery service aims to grow further in the Brazilian market following its successful Series C round.
Berlin-based food delivery service Jokr has closed its Series C financing round. The company received $50 million and is now valued at $1.3 billion. This is a slight increase from the Series B round, in which Jokr's enterprise value was $1.2 billion. The round was led by existing investor G Squared, with GGV Capital, Tiger Global Management and HV Capital also participating again.
Jokr faced the same problems as many of its competitors last year: The company lost money and had to pull out of some markets, including Boston, New York and Columbia. With the new capital, Jokr plans to continue focusing on the Brazilian market. The startup does about 50 percent of its business in the South American country. "The business in Brazil is flourishing, growing steadily and becoming more profitable," Jokr founder and CEO Ralf Wenzel told news site Techcrunch, which first reported on the funding round.
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Investor
2017
München
HV Capital
Early-stage and growth VC with a focus on internet and tech startups.
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