Swedish fintech Juni raises $206m in equity and debt funding

STOCKHOLM — Swedish fintech Juni has raised $100 million in a funding round led by the asset management arm of Abu Dhabi-based investor Mubadala, and a further $106 million in debt financing from venture from Silicon Valley-based TriplePoint Capital.

Juni’s existing investors – EQT Ventures, Felix Capital, Cherry Ventures and Partners of DST Global – also participated in the funding round.

Mubadala’s unit, Mubadala Capital, manages approximately $9 billion in third-party capital on behalf of institutional investors and has so far invested in more than 40 companies, with 12 exits.

Obtaining financing on favorable terms becomes difficult for startups, as venture capitalists are increasingly strict in loosening their purse strings, weak stock markets and a sharp drop in valuations of newly listed companies. that has shaken investor confidence.

Founded in 2020, Juni provides financial management platforms for e-commerce businesses and had raised $52 million as of October.

The company did not disclose its valuation.

“We are very proud to have secured this funding in such a difficult environment,” said Chief Executive Samir El-Sabini. “With this funding, we will help e-commerce businesses win by building the right information, features, and integrations while injecting capital into their marketing spend.”

(Reporting by Supantha Mukherjee in Stockholm; editing by Jonathan Oatis and David Evans)

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