About JOYNEXT
JOYNEXT is a company based in Dresden (Germany) founded in 2020.. JOYNEXT has raised $106 million across 1 funding round from investors including SDIC, F&G Venture and Cathay Capital. JOYNEXT operates in a competitive market with competitors including NNG, PATEO, Borqs, Rand McNally and Alpine, among others.
- Headquarter Dresden, Germany
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Joynext Gmbh
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Annual Revenue
$431.76 M (USD)-2as on Dec 31, 2019
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Net Profit
$15.77 M (USD)126as on Dec 31, 2019
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EBITDA
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Total Equity Funding
$106 M (USD)
in 1 rounds
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Latest Funding Round
$106 M (USD), Series D
Oct 02, 2020
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Investors
SDIC
& 3 more
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Employee Count
Employee Count
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Funding Insights of JOYNEXT
JOYNEXT has successfully raised a total of $106M through 1 strategic funding round. The most recent funding activity was a Series D round of $106 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $106.0M
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First Round
First Round
(02 Oct 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series D - JOYNEXT | Valuation | SDIC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in JOYNEXT
JOYNEXT has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include SDIC, F&G Venture and Cathay Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment in IT industry startups is facilitated by F&G Venture.
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Founded Year | Domain | Location | |
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Cathay Capital is engaged in global investment and transformation.
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Founded Year | Domain | Location | |
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Investment holding company
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by JOYNEXT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - JOYNEXT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Joynext Comparisons
Competitors of JOYNEXT
JOYNEXT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NNG, PATEO, Borqs, Rand McNally and Alpine, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
White-label connected car navigation and infotainment solutions are provided.
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| domain | founded_year | HQ Location |
Saas & AI enabled infotainment solutions for connected vehicles
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| domain | founded_year | HQ Location |
Borqs is recognized as a global leader in IoT solutions.
|
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| domain | founded_year | HQ Location |
Commercial Transportation, Travel & Mobile Resource Management
|
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| domain | founded_year | HQ Location |
Car audio and navigation/infotainment systems are developed by Alpine.
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| domain | founded_year | HQ Location |
In-vehicle infotainment systems and driving apps are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Joynext
Frequently Asked Questions about JOYNEXT
When was JOYNEXT founded?
JOYNEXT was founded in 2020.
Where is JOYNEXT located?
JOYNEXT is headquartered in Dresden, Germany. It is registered at Dresden, Saxony, Germany.
Who is the current CEO of JOYNEXT?
Kevin Liu is the current CEO of JOYNEXT.
Is JOYNEXT a funded company?
JOYNEXT is a funded company, having raised a total of $106M across 1 funding round to date. The company's 1st funding round was a Series D of $106M, raised on Oct 02, 2020.
What is the annual revenue of JOYNEXT?
Annual revenue of JOYNEXT is $431.76M as on Dec 31, 2019.
What does JOYNEXT do?
JOYNEXT was established in 2020 in Dresden, Germany, within the technology sector. Augmented reality solutions, software and hardware development, system integration, and cybersecurity services are delivered by the company. Operations focus on these areas to support clients in digital transformation. The firm is led by co-CEO Kevin Liu, with activities centered in Europe.
Who are JOYNEXT's investors?
JOYNEXT has 4 investors. Key investors include SDIC, F&G Venture, Cathay Capital, and Ningbo Gaofa Automobile Control System.