Total amount raised
$118.4 Millions
Latest funding date
Location
Jiko has successfully raised $29 million in its latest Series C funding round, attracting investments from notable backers such as Airbus Ventures and Radicle Impact. The company is focused on expanding its digital treasury platform, which integrates banking and technology to offer innovative financial solutions.
Keep reading to explore the intricacies of Jiko's fundraising journey and the investors backing this innovative platform.
What Is Jiko?
Jiko, founded in 2016, is a fintech company headquartered in San Francisco, California. The company was established by Rocky Motwani and Stephane Lintner.
Operating in the banking, financial services, and trading platform industries, Jiko employs between 51 and 100 people. The company offers innovative financial solutions by combining banking and technology, focusing on Treasury bills to provide liquidity and safety.
How Much Funding Has Jiko Raised?
- Pre-Seed Round
- Amount Raised: $1.7M
- Date: June 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial foundation and develop the core technology.
- Seed Round
- Amount Raised: $7.7M
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and product development.
- Series A
- Amount Raised: $40M
- Date: October 2020
- Lead Investors: Upfront Ventures, Wafra
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $40M
- Date: October 2022
- Lead Investors: Red River West
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and increase product offerings.
- Series C
- Amount Raised: $29M
- Date: December 2024
- Lead Investors: Upfront Ventures, Airbus Ventures, Radicle Impact
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the digital treasury platform and accelerate growth in the corporate market.
Total Amount Raised: $118.4M
Current Valuation: Not publicly disclosed
Key Investors
- Upfront Ventures
- Details: Upfront Ventures is a venture capital firm based in Los Angeles, California. They have been investing in early-stage technology companies since 1996.
- Investment Focus Areas: Technology, media, consumer products.
- Notable Investments: Bird, Ring, TrueCar.
- Airbus Ventures
- Details: Airbus Ventures is the venture capital arm of Airbus, focusing on early to growth-stage investments. They aim to support innovative companies in the aerospace and related sectors.
- Investment Focus Areas: Aerospace, defense, technology.
- Notable Investments: Dedrone, Isar Aerospace, Q-CTRL.
- Radicle Impact
- Details: Radicle Impact is a venture capital firm that invests in early-stage companies with a focus on social and environmental impact. They aim to support businesses that drive positive change.
- Investment Focus Areas: Sustainability, social impact, technology.
- Notable Investments: BlocPower, Good Eggs, Imperfect Foods.
- Red River West
- Details: Red River West is a venture capital firm that supports European technology companies in their expansion to the U.S. market. They focus on growth-stage investments.
- Investment Focus Areas: Technology, digital media, consumer products.
- Notable Investments: Ledger, Meero, Zenly.
- Wafra
- Details: Wafra is an investment management firm that provides capital to growth-stage companies. They focus on long-term partnerships and sustainable growth.
- Investment Focus Areas: Real estate, private equity, venture capital.
- Notable Investments: Not publicly disclosed.
What's Next for Jiko?
Jiko's future looks promising as it aims to expand its footprint in the corporate market. The recent $29 million Series C funding will be pivotal in increasing working capital and accelerating growth. With a focus on offering safer investment alternatives like U.S. Treasury bills, Jiko is well-positioned to meet the growing demand for secure financial products.
Future fundraising opportunities seem bright, especially with the addition of experienced board members and advisors. This strategic move is likely to attract further investments, potentially leading to larger Series D rounds or strategic partnerships. However, Jiko will need to navigate regulatory challenges and intense competition from both fintech and traditional financial institutions to maintain its growth trajectory.
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