Dojo announces landmark investment of $190 million from Vitruvian Partners

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Dojo announces landmark investment of $190 million from Vitruvian Partners

2025-05-29 00:33 Last Updated At：00:51

LONDON--(BUSINESS WIRE)--May 28, 2025--

Dojo, the leading UK payments technology provider, today announces it has secured an investment of $190 million from Vitruvian Partners, a leading global growth investment firm. The investment marks the first equity raise in Dojo’s history. The funds enable Dojo to significantly accelerate the company’s continued growth in the UK and expansion across European markets. Dojo’s mission is to reinvent the payments landscape to grow in-person commerce. Its next-generation cloud-native platform offers the flexibility to meet the evolving needs of enterprises. Dojo processes between 6 and 9 million transactions per day, delivering super-fast transactions and "always-on" connectivity to its customers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250528171676/en/

Since its launch in 2021 Dojo has grown rapidly, becoming an SME champion, and increasingly winning and supporting larger enterprises thanks to its highly scalable end-to-end platform. It brings a deep commitment to understand and meet the needs of its customers, from small, often family-run businesses, to some of the most recognised high street brands. As a result, Dojo has delivered exceptional growth – securing a leading market share in the UK, and engaging with 50 million unique consumer cards monthly.

The investment will help Dojo build on its strong track record and accelerate its strategic growth plans, enabling it to scale across key European markets, including Ireland, Italy, and Spain. This will create a much larger addressable market for Dojo to leverage its highly scalable technology.

Vitruvian brings strong experience in the fintech and payments sector, with a proven ability to identify and scale disruptive, ambitious businesses such as Dojo. Through the investment, Vitruvian will work in partnership with the management team to support Dojo’s growth ambitions.

Francois Callens, Chief Financial Officer at Dojo, said: “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.”

Stephen Byrne, Partner at Vitruvian Partners, said: “ 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.”

-ENDS-

J.P. Morgan Securities PLC acted as Sole Placement Agent on the raise.

About Dojo

Dojo is a leading payment technology provider that empowers over 140,000 businesses to grow their in-person commerce. Dojo offers one of the world’s leading multi cloud-native payments platforms to provide in-person and digital payments solutions alongside value-added services such as business funding and booking management software. Dojo’s highly reliable technology can be installed in a matter of minutes - giving businesses big and small the power to make informed decisions through instant insight and process, manage and measure card payments securely and easily.

About Vitruvian Partners

Vitruvian Partners is a global growth-focused investor with offices across London, Stockholm, Munich, Madrid, Luxembourg, Mumbai, Singapore, Shanghai, Miami, and San Francisco. Vitruvian focuses on dynamic situations characterised by rapid growth and change across asset-light industries. Vitruvian has over $20 billion of active funds which have backed many global winners and leaders in their sectors, including Just Eat, EasyPark, Skyscanner, Marqeta, Wise, Global-e, CFC, Darktrace, and Bitdefender. Further information can be found at www.vitruvianpartners.com

Thousands of nurses go on strike at several major New York City hospitals

NEW YORK (AP) — Thousands of nurses in three hospital systems in New York City went on strike Monday after negotiations through the weekend failed to yield breakthroughs in their contract disputes.

The strike was taking place at The Mount Sinai Hospital and two of its satellite campuses, with picket lines forming. The other affected hospitals are NewYork-Presbyterian and Montefiore Medical Center in the Bronx.

About 15,000 nurses are involved in the strike, according to New York State Nurses Association.

“After months of bargaining, management refused to make meaningful progress on core issues that nurses have been fighting for: safe staffing for patients, healthcare benefits for nurses, and workplace violence protections,” the union said in a statement issued Monday. “Management at the richest hospitals in New York City are threatening to discontinue or radically cut nurses’ health benefits.”

The strike, which comes during a severe flu season, could potentially force the hospitals to transfer patients, cancel procedures or divert ambulances. It could also put a strain on city hospitals not involved in the contract dispute, as patients avoid the medical centers hit by the strike.

The hospitals involved have been hiring temporary nurses to try and fill the labor gap during the walkout, and said in a statement during negotiations that they would “do whatever is necessary to minimize disruptions.” Montefiore posted a message assuring patients that appointments would be kept.

“NYSNA’s leaders continue to double down on their $3.6 billion in reckless demands, including nearly 40% wage increases, and their troubling proposals like demanding that a nurse not be terminated if found to be compromised by drugs or alcohol while on the job," Montefiore spokesperson Joe Solmonese said Monday after the strike had started. "We remain resolute in our commitment to providing safe and seamless care, regardless of how long the strike may last.”

New York-Presbyterian accused the union of staging a strike to “create disruption,” but said in a statement that it has taken steps to ensure patients receive the care they need.

"We’re ready to keep negotiating a fair and reasonable contract that reflects our respect for our nurses and the critical role they play, and also recognizes the challenging realities of today’s healthcare environment,” the statement said.

The work stoppage is occurring at multiple hospitals simultaneously, but each medical center is negotiating with the union independently. Several other hospitals across the city and in its suburbs reached deals in recent days to avert a possible strike.

The nurses’ demands vary by hospital, but the major issues include staffing levels and workplace safety. The union says hospitals have given nurses unmanageable workloads.

Nurses also want better security measures in the workplace, citing incidents like a an incident last week, when a man with a sharp object barricaded himself in a Brooklyn hospital room and was then killed by police.

The union also wants limitations on hospitals’ use of artificial intelligence.

The nonprofit hospitals involved in the negotiations say they’ve been working to improve staffing levels, but say the union’s demands overall are too costly.

Nurses voted to authorize the strike last month.

Both New York Gov. Kathy Hochul and Mayor Zohran Mamdani had expressed concern about the possibility of the strike. As the strike deadline neared, Mamdani urged both sides to keep negotiating and reach a deal that “both honors our nurses and keeps our hospitals open.”

“Our nurses kept this city alive through its hardest moments. Their value is not negotiable,” Mamdani said.

State Attorney General Letitia James voiced similar support, saying "nurses put their lives on the line every day to keep New Yorkers healthy. They should never be forced to choose between their own safety, their patients’ well-being, and a fair contract.”

The last major nursing strike in the city was only three years ago, in 2023. That work stoppage, at Mount Sinai and Montefiore, was short, lasting three days. It resulted in a deal raising pay 19% over three years at those hospitals.

It also led to promised staffing improvements, though the union and hospitals now disagree about how much progress has been made, or whether the hospitals are retreating from staffing guarantees.