- Companies
- Joy
Last Joy valuation
$339M
Series B · Nov 2022
Last Joy funding round
$60M
Series B · Nov 2022
Cumulative funding Joy raised
$107M
across 5 funding rounds
Key investors in Joy
General Catalyst
Sierra Ventures
Avalon Ventures
Zeno Partners
Y Combinator
Matrix Partners
About Joy
Joy is a San Francisco-headquartered wedding platform launched in 2016 through Y Combinator that enables couples to create customized wedding websites and mobile apps. Users build all-in-one registries, manage guest lists and RSVPs, distribute Save the Dates, invitations, and eCards in digital or printed formats, offer guest travel and accommodation options, host virtual events, and maintain shared wedding albums and guest books. Wedding guests purchase gifts from registries, book accommodations, access Google Maps directions, integrate ride-sharing services, and add events to personal calendars.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$339M (Nov 2022)
Joy Valuation
Joy is currently valued at $339M, based on its Series B in November 2022.
The $60M round was led by General Catalyst and Nordstrom, with participation from Apple Core Holdings.
Joy valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2022 | Series B | $339M |
Joy Funding History
Joy has raised a total of $107M across 5 funding rounds.
Joy's first fundraising round was a $5M seed round in November 2016. The most recent completed round was a $60M Series B in November 2022.
Joy funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2022 | Series B | General Catalyst (lead); Nordstrom (lead); Apple Core Holdings | $60M | $339M | Joy is a wedding planning and universal registry platform that offers modern tools for event planning and e-commerce registry shopping. On November 30, 2022, Joy announced a $60 million Series B funding round led by General Catalyst, with participation from Nordstrom, bringing total funding to $106.5 million. General Catalyst Managing Director Niko Bonatsos and Co-Founder Joel Cutler joined as board observers, while Stacy Brown-Philpot, a General Catalyst advisor and former Taskrabbit CEO with ties to Nordstrom, joined the board. The funding aims to extend Joy's platform beyond weddings to all life events, capitalizing on its user-first approach and explosive growth in addressing consumer pain points in traditional event planning. Forge Global reports this Series B round valued Joy at a post-money valuation of $339.32 million, with General Catalyst and Nordstrom as key investors. Industry context highlights Joy's innovation in a changing market where competitors lag in evolution, positioning it to reinvent registry shopping and event planning. The platform's significant growth is noted qualitatively by investors. |
| Sep 2021 | Series A | Valor Siren Ventures (lead); Prince Amukamara; Sound Ventures; Y Combinator; Olive Tree Capital; Zeno Partners; Sierra Ventures; Justin Timberlake; Avalon Ventures; Joe Montana; Ace Ventures; Fuel Capital | $20M | - | Joy is a San Francisco-based wedding technology company founded in 2016 through Y Combinator, offering an all-in-one platform for couples to create wedding websites, mobile apps, guest lists, RSVPs, save the dates, invitations, travel accommodations, virtual events, shared albums, and guest books. Guests can purchase registry gifts, book travel, access directions via Google Maps, order rides, and add events to calendars. The company raised $20 million in new funding on September 1, 2021, led by Valor Siren Ventures, with participation from Sound Ventures (Ashton Kutcher and Guy Oseary), Zola Global, Avalon Ventures, and Sierra Ventures, bringing total funding to $46.5 million. Joy achieved over 100 percent year-over-year growth among U.S. couples, driven by organic word-of-mouth without marketing spend, positioning it as a modernizer of wedding planning with intuitive tools starting from websites and expanding into registries. Investors highlighted Joy's viral growth, customer satisfaction, deep technology, and potential to disrupt the wedding industry and extend to other life celebrations. The funds will double investment in product and headcount, expand the All-in-One Registry to onboard brands, and grow business reach. Co-founded by Vishal Joshi (CEO), Michael Bach, and Kaiwalya Kher, Joy consolidates event planning features like guest management and registries into a single platform. Quotes from investors such as Jon Shulkin of Valor Siren Ventures and Rich Levandov and Brady Bohrmann of Avalon Ventures emphasize its scale from organic growth and conversion to revenue. |
| Jan 2020 | Series A | - | $9M | - | - |
| Sep 2018 | Series A | Avalon Ventures (lead); General Catalyst; Rocketship.vc; Zeno Partners; Formation 8; AltaIR Capital | $13M | - | - |
| Nov 2016 | Seed | Matrix Partners (lead); Sierra Ventures (lead) | $5M | - | - |
Who has invested in Joy?
19 investors have backed Joy across its funding rounds, including General Catalyst, Sierra Ventures, Avalon Ventures, Zeno Partners, Y Combinator and Matrix Partners.
Lead investors include General Catalyst, Nordstrom, Valor Siren Ventures, Avalon Ventures, Matrix Partners and 1 other investor.
Joy Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Sep 2018 | ||
| 2 | Participant | Sep 2018 | ||
| 2 | Lead | Nov 2016 | ||
| 2 | Lead | Sep 2018 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2018 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Lead | Nov 2022 | ||
| 1 | Participant | Sep 2021 | ||
| 1 | Participant | Nov 2022 | ||
| 1 | Lead | Nov 2016 | ||
| 1 | Participant | Sep 2018 | ||
This data is available for Pro users. Sign up to see all 19 Joy investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialJoy Competitors
Joy competitors include listed companies like Maoyan Entertainment and Eagle Eye, and private ones like Bevy, Events.com, Gametime and Way.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $30M | - | $325M | 10.8x | ||
| Private | - | - | $314M | - | ||
| Private | - | - | $314M | - | ||
| Private | - | - | $310M | - | ||
| Publicly listed | $691M | $124M | $596M | 0.1x | ||
| Publicly listed | $65M | $15M | $190M | 2.6x |
Joy Public Comps
Joy is still privately-owned, but its public comps include Falcons Beyond Global, Avex, Parken Sport, PIA, Beijing Jingxi, MCH Group, MetropolCard, Mei Ah Enter Group, Enhanced Group and Amuse.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $15M | $10M | 24.2x | - | 36.0x | - | |||
| $942M | $40M | 0.2x | 0.2x | 3.6x | - | |||
| $290M | $87M | 1.6x | - | 5.5x | - | |||
| $356M | $46M | - | - | - | - | |||
| $50M | ($43M) | 9.0x | - | (10.3x) | - | |||
| $470M | $56M | 0.6x | - | 4.9x | - | |||
| $42M | $21M | 4.2x | - | 8.6x | - | |||
| $13M | ($2M) | 20.3x | - | (131.1x) | - | |||
This data is available for Pro users. Sign up to see all Joy competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Joy
| When was Joy founded? | Joy was founded in 2016. |
| Where is Joy headquartered? | Joy is headquartered in San Francisco, CA, United States. |
| Is Joy publicly listed? | No, Joy is a private, VC-backed company. |
| What is Joy's valuation? | Joy was last valued at $339M in its Series B in November 2022. |
| How much funding has Joy raised? | Joy has raised $107M across 5 funding rounds. |
| What was Joy's last funding round? | Joy's last funding round was a $60M Series B in November 2022, led by General Catalyst and Nordstrom. |
| Who are Joy's investors? | Joy's investors include General Catalyst, Zeno Partners, Sierra Ventures, Avalon Ventures, Prince Amukamara, Rocketship.vc, Sound Ventures, Y Combinator, Nordstrom, Olive Tree Capital and 9 others. |
| Which companies are comparable to Joy? | Companies comparable to Joy include Bevy, Events.com, Gametime, Way, Maoyan Entertainment and Eagle Eye. |
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