Happy Friday!
Welcome to Funding Fridays – your two minute Friday morning briefing on startup funding.
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Summary of Last 12 Weeks
Pre-Seed
Money Raised – $1,000,000
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Pre-Money Valuation – $4,750,000
Seed
Money Raised – $3,000,000
Pre-Money Valuation – $20,000,000
Series A
Money Raised – $13,800,000
Pre-Money Valuation – $47,407,879
Series B
Money Raised – $40,000,000
Pre-Money Valuation – $732,500,000
Series C
Money Raised – $54,214,058
Pre-Money Valuation – $900,000,000
About Funding Fridays
Funding Fridays is a two-minute Friday morning briefing on startup funding written by Kyle Westaway – Managing Partner of Westaway.
A note on data: I’m using data from Crunchbase. This data has a number of limitations including: (1) Small sample size. (2) Self-reported data (3) Some companies report the amount raised, but not the valuation or vice versa. In short, our analysis is based on imperfect data, so our analysis will be imperfect. But I hope it still gives founders a general sense of the current funding market.
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