What is Whill?
WHILL is dedicated to revolutionizing personal mobility by developing advanced technology and smart design for devices such as wheelchairs and scooters. The company's core mission is to transform the perception of mobility aids, making them more appealing and user-friendly. Through its innovative products, WHILL aims to enhance the independence and quality of life for individuals requiring mobility assistance, positioning itself as a leader in the smart mobility solutions market.
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 MUFG Bank, VTF Capital, Eric Kwan, 500.com, and SunBridge Global Ventures
Private Equity (2014): $6.1M, investors not publicly disclosed
Series A (2014): $11M backed by Innovation Network Corp. of Japan, NTT DoCoMo Ventures, Jochu Technology Co. Ltd., and 500.com
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, SBI Investment Co., Ltd, Daiwa Corporate Investment Co., Endeavor Global, and Whiz Partners
Key Investors in Whill
Eight Roads Services
Eight Roads Services is a global investment firm that backs ambitious entrepreneurs and companies across various sectors, including technology and healthcare. They provide long-term capital and strategic support to help businesses scale and achieve their full potential.
Daiwa PI Partners
Daiwa PI Partners is an investment company focused on sustainable development, specializing in debt real estate, private equity, and international investments. They support business revitalization and offer tailored assistance throughout the investment lifecycle.
SBI Investment Co., Ltd
SBI Investment Co., Ltd, part of SBI Holdings, is a diversified financial services group with a strong presence in asset management, including private equity and venture capital. They invest in a wide range of companies, leveraging their financial expertise to foster growth.
What's next for Whill?
The recent major strategic investment indicates that Whill is likely in a scaling phase, potentially preparing for broader market expansion, further product development, or strategic partnerships. The substantial total funding suggests a mature enterprise-level operation. Future endeavors may focus on enhancing the smart features of their mobility devices, expanding global distribution networks, and potentially exploring new market segments or technological advancements in personal transportation.
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