Juni Valuation, Funding & Investors

Juni is valued at $800M as of June 2022.

See full Juni profile

Last Juni valuation

$800M

Series B · Jun 2022

Last Juni funding round

$100M

Series B · Jun 2022

Cumulative funding Juni raised

$176M

across 4 funding rounds

Key investors in Juni

  • Cherry Ventures
  • Felix Capital
  • DST Global
  • EQT Ventures
  • FJ Labs
  • Mubadala

Juni Overview

About Juni

Juni is a Stockholm-headquartered fintech company developing a banking platform and app for e-commerce and online marketing entrepreneurs. The service handles payments, treasury, foreign exchange, and lending to support business scaling in digital commerce.


Founded

2020

HQ

SwedenGöteborg

Website

juni.co

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$800M (Jun 2022)

Juni Valuation

Juni is currently valued at $800M, based on its Series B in June 2022.

The $100M round was led by Mubadala, with participation from Silverbacks Holdings, Felix Capital, EQT Ventures, Cherry Ventures and DST Global.

Juni valuation by funding round

Juni valuation by funding round
DateStageValuation
Jun 2022Series B$800M

Juni Funding History

Juni has raised a total of $176M across 4 funding rounds.

Juni's first fundraising round was a $2M seed round in November 2020. The most recent completed round was a $100M Series B in June 2022.

Juni funding rounds

Juni funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2022Series BMubadala (lead); Silverbacks Holdings; Felix Capital; EQT Ventures; Cherry Ventures; DST Global$100M$800MJuni is a fintech company providing business banking solutions for digital commerce businesses, including spend management, automation, and AI features to optimize operations and support growth. The company has raised a total of $281.86M across 5 funding rounds, with investors including those in the query such as Cherry Ventures, DST Global, EQT Ventures, Felix Capital, Mubadala Capital Ventures, and Silverbacks Holdings, where Mubadala Capital Ventures led the relevant round. On June 8, 2022, Juni completed a Series B funding round at a post-money valuation of $621.77M, alongside a separate $106M debt facility on the same date.
Oct 2021Series AEQT Ventures (lead); FJ Labs; Felix Capital; Cherry Ventures; DST Global$52M-Juni is a Swedish fintech founded in 2020 by Samir El-Sabini, Jonathan Sanders, and Anders Orsedal, providing a financial management platform for ecommerce businesses. It integrates physical and virtual cards, credit, accounting, analytics, and digital advertising platforms to offer a holistic view of finances and automate routine functions like ad spend and invoices. The company targets internet-first entrepreneurs with tailored banking, credit products, and tools to accelerate growth, positioning itself against traditional banks by building products in-house. On October 14, 2021, Juni secured a $52M Series A follow-on round led by EQT Ventures, with participation from FJ Labs and existing investors including Partners of DST Global, Felix Capital, and Cherry Ventures. This extended the initial Series A from $21M in June 2021 to a total of $73M, bringing cumulative funding to $76M. The capital was earmarked for in-house product development, particularly an integrated credit line product, hiring 120 more staff to triple headcount, and launching initially in the UK market. Juni demonstrated rapid traction with an average weekly growth rate of 80-81% over five months and a nearly 500% month-on-month transaction volume increase between March and May 2021. EQT Ventures highlighted it as the fastest-growing fintech they had seen.
Jul 2021Series ACherry Ventures (lead); Felix Capital (lead)$22M-Juni is a Swedish fintech neobank and financial companion platform designed for e-commerce entrepreneurs, online marketers, and digital businesses. It offers integrated banking services including physical and virtual Visa cards with 1% cashback, currency flexibility, payments automation for ad spend and invoices, accounting, analytics, and connectivity to banks and payment providers. Launched in beta in March 2021 from Gothenburg, Juni rapidly grew by signing up 250-300 businesses from a 3,000-person waitlist, achieving around 500% month-over-month customer and transaction volume growth in its first three months. In July 2021, Juni raised $21.5 million (€18.1 million) in a Series A round co-led by partners from DST Global and Felix Capital, with participation from existing investor Cherry Ventures and other early backers. This followed a €2 million seed round in November 2020. The funding, secured just months after beta launch, was aimed at accelerating product development with new features, hiring to expand the team from 28 to over 100 employees within 12 months, and scaling operations to become the go-to financial solution for e-commerce and performance marketing globally. Investors highlighted Juni's strong early traction, product-market fit evidenced by customer love and waitlist demand, and potential to address pain points for merchants by saving time and providing financial freedom. Cherry Ventures praised the impressive month-on-month transaction volume and world-class team across compliance, finance, tech, and marketing.
Nov 2020SeedCherry Ventures (lead); Johan Bendz; Jarno Vanhatapio$2M-Juni, a Gothenburg, Sweden-based SaaS developer founded in 2020 by Anders Orsedal and Samir El-Sabini, builds a financial platform and banking app for e-commerce and online marketing professionals. The platform aggregates data from payment support, performance marketing networks, suppliers, and expenses, offering features like a debit card with cashback on advertising spend, cash flow management, invoice matching, liquidity management, and a centralized dashboard of bank accounts and payment services. Juni plans to launch its product in early 2021, with an open beta available soon after the funding announcement. Juni raised a €2 million ($2.4M) seed round on November 19, 2020, led by Cherry Ventures, with participation from angel investors Jarno Vanhatapio and Johan Bendz. The funding supports the pre-launch startup's development as a financial companion for digital businesses in a rapidly accelerating e-commerce market.

Who has invested in Juni?

9 investors have backed Juni across its funding rounds, including Cherry Ventures, Felix Capital, DST Global, EQT Ventures, FJ Labs and Mubadala.

Lead investors include Mubadala, EQT Ventures, Cherry Ventures and Felix Capital.


Juni Investors

Investors in Juni by funding rounds participated
InvestorHQRoundsRoleFirst check
Cherry VenturesGermanyBerlin4LeadNov 2020
Felix CapitalUnited KingdomLondon3LeadJul 2021
EQT VenturesSwedenStockholm2LeadOct 2021
DST GlobalCayman IslandsGeorge Town2ParticipantOct 2021
FJ LabsUnited StatesNew York City, NY1ParticipantOct 2021
Silverbacks HoldingsMauritiusEbène1ParticipantJun 2022
Johan BendzUnited StatesUnited States1ParticipantNov 2020

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Juni Competitors

Juni competitors include listed companies like Fujian Apex Software and IRESS, and private ones like Omnio, 10X Banking, Open Financial Technologies and Fenergo.

Public and private companies comparable to Juni
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OmnioUnited KingdomLondonPrivate--$900M-
10X BankingUnited KingdomUnited KingdomPrivate$118M$7M$700M5.9x
Open Financial TechnologiesIndiaBangalorePrivate--$1B-
FenergoIrelandDublinPrivate--$800M-
Fujian Apex SoftwareChinaChinaPublicly listed$87M$28M$816M7.8x
IRESSAustraliaAustraliaPublicly listed$396M$103M$754M2.3x

Juni Public Comps

Juni is still privately-owned, but its public comps include Judo Bank, Fujian Apex Software, Mitek Systems, IRESS, Green Dot, Sinodata, Global Infotech, PEXA Group, Bank Jago and Sunyard Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Judo Bank$368M-2.2x2.1x--
Fujian Apex Software$87M$28M7.6x7.8x23.6x24.0x
Mitek Systems$180M$37M4.1x3.7x19.9x11.2x
IRESS$396M$103M2.1x2.3x8.2x8.3x
Green Dot$2.1B($12M)0.4x0.3x(63.9x)4.2x
Sinodata$128M($8M)5.6x-(84.9x)-
Global Infotech$154M$7M4.8x-106.4x-
PEXA Group$285M$100M3.4x3.4x9.8x9.3x

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Common questions about Juni

When was Juni founded?Juni was founded in 2020.
Where is Juni headquartered?Juni is headquartered in Göteborg, Sweden.
Is Juni publicly listed?No, Juni is a private, VC-backed company.
What is Juni's valuation?Juni was last valued at $800M in its Series B in June 2022.
How much funding has Juni raised?Juni has raised $176M across 4 funding rounds.
What was Juni's last funding round?Juni's last funding round was a $100M Series B in June 2022, led by Mubadala.
Who are Juni's investors?Juni's investors include Cherry Ventures, Felix Capital, EQT Ventures, DST Global, FJ Labs, Silverbacks Holdings, Johan Bendz, Jarno Vanhatapio and Mubadala.
Which companies are comparable to Juni?Companies comparable to Juni include Omnio, 10X Banking, Open Financial Technologies, Fenergo, Fujian Apex Software and IRESS.

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