Singapore-based last-mile logistics player Ninja Van has raised at least $124 million of new Series D equity capital since April 2019 that includes a substantial investment from the Brunei sovereign wealth fund, according to data obtained by DealStreetAsia.
It also issued $89 million of convertible notes to existing investors Geopost SA and B Capital in 2018 and 2019, from which Ninja Van has obtained $52.4 million of equity capital following conversions at Series D pricing.
