Funding Fridays No. 5

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 – $776,000

Pre-Money Valuation – $4,000,000

Seed

Money Raised – $3,494,240

Pre-Money Valuation – $10,900,000

Series A

Money Raised – $16,500,000

Pre-Money Valuation – $80,000,000

Series B

Money Raised – $46,250,000

Pre-Money Valuation – $670,000,000

Series C

Money Raised – $52,555,742

Pre-Money Valuation – $16,237,500,000

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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