JOKR raises $50M Series C round

After shutting down operations in Colombia, JOKR raised $50M, led by GGV Capital. Tiger Global Management, HV Capital, and existing investors also participated in the round.

The company will use the resources to expand its presence in the Brazilian market, while also exploring strategic opportunities in other countries.

“We are focused on building a new generation of retail through vertical integration and superior data science and technology”

Ralf Wenzel, JOKR’s co-founder, and CEO.

With this investment, JOKR achieved a $1.3 billion post-money valuation and has raised over $480 million through equity and debt financing since 2021

Read more on TechCrunch.

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