Yokoy raises USD 80 million in series B financing round
29 March 2022 – Yokoy Group AG raised USD 80 million in a series B financing round, led by US investor Sequoia Capital with participation from Speedinvest, Visionaries Club and Zinal Growth, existing investors Balderton Capital, Six FinTech Ventures, Left Lane Capital, Swisscom Ventures and well-known business angels. Yokoy, founded in 2019, has developed an AI-based all-in-one global spend management platform, suited to the unique needs of midsize and large companies. Yokoy will use the new funding to expand deeper into Europe and more regions across the globe and increase hiring to support new areas. Furthermore, the company will enhance the technologies underpinning the platform developing its AI, automation and security systems, and advance its Yokoy Pay offering.
Walder Wyss advised Yokoy on all legal aspects of the transaction. The team was co-led by André Kuhn and Rafael Zemp (both Managing Associates, Corporate/M&A) and further included Timon Nydegger (Associate, Corporate/M&A), Maurus Winzap (Partner, Tax) and Livia Häberli (Trainee Lawyer, Corporate/M&A).