This funding adds to the USD 21 million already raised from a Series-A round in late June 2021. This boosts Juni’s Series A round to USD 73 million and takes the total funding to date to USD 76 million. EQT Ventures joins Partners of DST Global, Felix Capital and Cherry Ventures in backing Juni.
The company will use the funds to triple the number of its employees and launch an integrated credit line product to their users. As part of Juni’s mission to help ecommerce businesses grow faster and starting with an initial roll-out in the UK, customers will be able to access short-term credit. This new offering could give entrepreneurs better visibility and control over their cash flow.
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