Instabox AB announced that it has received $190 million in a round of funding led by new investor Verdane on April 21, 2022. The transaction also included participation from returning investors Creades AB, EQT Ventures, Tham Special Investment AB, Nineyards Equity, M2 Asset Management AB (publ), Tacito Partners AB and a number of new investors. As part of the transaction, Christian Jebsen from Verdane will join the company's board of directors.

The company has received $327 million in funding till date. Verdane will roll its stake in Porterbuddy, recently acquired by Instabox, and invested new capital in Instabox AB. The round was raised at post-money valuation of more than $1 billion.