What is Whill?
WHILL is dedicated to making transportation enjoyable and smart for everyone. The company's mission is to transform the perception of mobility devices, such as wheelchairs and scooters, through the integration of advanced technology and intelligent design. By focusing on user experience and cutting-edge engineering, WHILL aims to provide individuals with greater independence and enhanced quality of life, positioning itself as a leader in the evolving landscape of personal mobility solutions.
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, SunBridge Global Ventures, Eric Kwan, 500.com, and MUFG Bank
Private Equity (2014): $6.1M, investors not publicly disclosed
Series A (2014): $11M backed by NTT DoCoMo Ventures, Jochu Technology Co. Ltd., 500.com, and Innovation Network Corp. of Japan
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 Corporate Investment Co., Whiz Partners, Endeavor Global, SBI Investment Co., Ltd, and Daiwa PI Partners
Key Investors in Whill
Daiwa Corporate Investment Co.
Daiwa Corporate Investment Co. is an entity involved in corporate investment, likely focusing on strategic capital allocation to support business growth and market expansion.
Whiz Partners
Whiz Partners is a company engaged in collaborative research and development, particularly in the field of drug discovery, indicating a potential interest in innovative technology sectors.
Endeavor Global
Endeavor Global supports entrepreneurs with potential for economic and social impact, suggesting a focus on ventures that drive significant societal change and economic development.
What's next for Whill?
The recent major strategic investment and overall enterprise-level funding indicate that Whill is likely in a scaling phase, poised for significant expansion and market penetration. This capital infusion is expected to fuel further research and development, enhance manufacturing capabilities, and broaden its global distribution network. Strategic partnerships and continued innovation will be crucial as Whill aims to solidify its position as a frontrunner in the smart mobility sector, potentially exploring new product lines or entering untapped markets.
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