What is Whill?
Whill is a pioneering developer of intelligent mobility solutions, specifically focused on transforming the perception and functionality of traditional wheelchairs and scooters. By integrating sophisticated robotics and intuitive user interfaces, the company aims to make personal transportation both enjoyable and accessible. Whill operates at the intersection of healthcare technology and consumer hardware, positioning itself as a leader in the global assistive device market. Its commitment to smart design and technological innovation has allowed it to scale operations from early-stage development to a mature enterprise-level entity, supported by a diverse consortium of international investors.
How much funding has Whill raised?
Whill has raised a total of $85.2M across 8 funding rounds:
Multiple Rounds
$3.5M
Private Equity
$6.1M
Series A
$11M
Series B
$17.5M
Private Equity
$2M
Unspecified
$45M
Other Financing Round (2013): $100K with participation from 500.com
Angel/Seed (2013): $1.7M led by 500.com
Other Financing Round (2013): $1.8M supported by VTF Capital, 500.com, SunBridge Global Ventures, MUFG Bank, and Eric Kwan
Private Equity (2014): $6.1M, investors not publicly disclosed
Series A (2014): $11M backed by NTT DoCoMo Ventures, 500.com, Innovation Network Corp. of Japan, and Jochu Technology Co. Ltd.
Series B (2016): $17.5M with participation from Eight Roads Services
Private Equity (2016): $2M led by Eight Roads Services Limited and ITOCHU Technology Ventures, Inc
Unspecified (2018): $45M supported by Daiwa PI Partners, Whiz Partners, SBI Investment Co., Ltd, Daiwa Corporate Investment Co., and Endeavor Global
Key Investors in Whill
SBI Investment Co., Ltd
A diversified financial services firm based in Tokyo, specializing in venture capital, private equity, and asset management across the healthcare and technology sectors.
Innovation Network Corp. of Japan
A public-private partnership established to boost the competitiveness of Japanese firms by providing capital and managerial support for next-generation technologies.
Eight Roads Services
A global venture capital firm backed by Fidelity, focusing on high-growth technology and healthcare companies with the potential to disrupt their respective industries.
What's next for Whill?
The infusion of capital from the most recent funding round provides Whill with the necessary runway to accelerate its global expansion and deepen its R&D capabilities. As the company moves beyond its initial scaling phase, the focus is expected to shift toward enhancing its product ecosystem and strengthening its presence in key international markets. By leveraging its existing partnerships with major financial institutions and venture firms, Whill is well-positioned to capitalize on the growing demand for high-tech mobility solutions, potentially exploring new applications for its proprietary robotics technology in broader healthcare and urban infrastructure sectors.
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