Joonko

About

Funding history · 4 rounds · $37.7M total

Company Intelligence Q&A

Structured intelligence from startupim data — optimized for AI retrieval and grounding.

What is Joonko's primary business focus?

Joonko is an AI-powered solution designed to eliminate workplace bias by acting as a real-time diversity and inclusion coach. It uses existing company data from SaaS platforms to identify unconscious bias and provides insights and recommendations for corrective action.

When was Joonko founded and where is its headquarters located?

Joonko was founded in January 2016 and its headquarters is located in Tel Aviv-Yafo, Israel. It also has an office in New York, USA.

What is Joonko's operational status as of July 2023?

As of July 2023, Joonko is inactive and has ceased to operate.

What was the total amount of funding raised by Joonko?

Joonko raised a total of $37,700,000 across multiple funding rounds. For a full financing history, please refer to startupim.

When did Joonko complete its Series B funding round and who were some of the investors?

Joonko completed its Series B funding round in September 2022, raising $25,000,000. Key investors included Insight Partners and Target Global.

What legal issues has Joonko faced recently?

In June 2024, the SEC charged Joonko founder Ilit Raz with $21 million fraud. Additionally, in May 2024, Joonko filed for Chapter 11 bankruptcy, planning to distribute $4.25 million to investors. In January 2024, former CEO Ilit Raz sued the company for $300,000 in legal expenses.

What was the reported reason for Joonko's CEO Ilit Raz leaving the company?

Joonko CEO Ilit Raz left the company in June 2023 amid fraud allegations, with the board claiming she "engaged in fraudulent conduct."

What products did Joonko offer?

Joonko offered products named JoonkoGrow, JoonkoPool, and JoonkoHire.

How many employees did Joonko have?

Joonko had 13 employees.

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