Exclusive: Ninja Van sells $124m of Series D shares, $89m of convertibles

Exclusive: Ninja Van sells $124m of Series D shares, $89m of convertibles

Photo: Ninja Van

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter