Dojo secures £140m from Vitruvian Partners to fund European expansion.
Vitruvian Partners backed the first equity raise in Dojo history to support growth across the UK and Europe.
Dojo provides card payment technology and cloud native platforms for businesses to process transactions. The firm operates a scalable end to end network handling millions of daily payments.
Dojo has secured £140m in funding from Vitruvian Partners, marking the first equity raise in the company history. The capital will be deployed to accelerate expansion across European markets and build upon its existing market position in the UK.
Launched in 2021, the payment provider has scaled rapidly to serve both small enterprises and high street brands. Vitruvian Partners joins the business to support its next phase of growth and technological scaling.
From the founder
"In a short space of time, our game-changing technology and proven customer proposition has enabled us to become the market leader in the UK. Our ambition doesn’t stop here. Dojo has a large and exciting opportunity ahead, and with the support of Vitruvian, we have the investment to deliver on our plans to scale our growth and enable in-person commerce across Europe. The investment is testament to the hard work from our team and the deep support from our partners and customers over the past four years. We are proud to demonstrate that the UK tech sector can attract global investment and look forward to working with Vitruvian to deliver our shared ambition of bringing our technology to more Enterprises and becoming a leader in card payments in Europe."
Francois Callens
Chief Financial Officer at Dojo
Investor perspective
"We’re delighted to be partnering with Dojo at this critical point on their growth journey. The Dojo team have built next-generation technology that is disrupting card payments and believe they are well-positioned to benefit from an ongoing, fundamental shift towards embedded and integrated payments. Vitruvian’s investment in Dojo builds on our track record in the payments sector and we look forward to providing capital and support to accelerate Dojo’s growth."
Stephen Byrne
Partner, Vitruvian Partners
Use of funds
- 01Expand into international markets