Funding round
Abridge Seed
Abridge, which works in generative AI solutions development in Philadelphia, raised $5.0M in a Seed round announced on 31 Jan 2019. It is Abridge's first venture round on record.
$5.0M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Abridge did not disclose a valuation in this round. It is Abridge's first venture round on record, 1 year after it was founded in 2018. It is under 1% of the $764M Abridge has raised in the venture rounds on record. Abridge raised again 43 months later: a Series A round of $13M in Aug 2022. Its next priced round, a Series C in Feb 2024, valued it at $850M.
Abridge's funding rounds
Abridge has 6 venture rounds on record. This one is highlighted.
- Seed this round 31 Jan 2019 $5.0M
- Series A 11 Aug 2022, led by Wittington Ventures $13M
- Series B 26 Oct 2023, led by Spark Capital $30M
- Series C 23 Feb 2024, led by Lightspeed Venture Partners and Redpoint Ventures $150M$850M post-money
- Series D 17 Feb 2025, led by Elad Gil and Institutional Venture Partners $250M$2.75B post-money
- Series E 1 Apr 2026, led by Andreessen Horowitz $316M$5.30B post-money
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
853 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.4M, and this round was 2.1 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jan 2019 | $25M | not disclosed | not named |
| Tech Companies | 1 Jan 2019 | $6.0M | not disclosed | not named |
| Tech Companies | 15 Jan 2019 | $5.0M | $19M | Neotribe |
| Tech Companies | 23 Jan 2019 | $4.7M | $23M | Silverton Partners |
| Tech Companies | 1 Jan 2019 | $4.5M | not disclosed | Bowery Capital |
| Tech Companies | 7 Jan 2019 | $4.0M | not disclosed | Nexus Venture Partners |
| Tech Companies | 4 Jan 2019 | $3.5M | not disclosed | Merus Capital |
| Tech Companies | 16 Jan 2019 | $3.5M | not disclosed | Amadeus Capital |
Questions
Frequently asked
How much did Abridge raise in its Seed round?
Abridge raised $5.0M in its Seed round, announced in Jan 2019.
What was Abridge's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
853 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.4M, and this round was 2.1 times the median.
Did Abridge raise again after this round?
Yes: a Series A round in Aug 2022 of $13M.