Funding round
AMPECO Series A
AMPECO, which works in EV charging platform development in Sofia, raised $13M in a Series A round announced on 25 Jan 2023, led by BMW i Ventures. 3 firms took part. It is AMPECO's second venture round on record; the one before was a Seed in Jan 2023.
$13M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
AMPECO did not disclose a valuation in this round. It is 31% of the $42M AMPECO has raised in the venture rounds on record. AMPECO raised again 22 months later: a Series B round of $26M in Nov 2024.
Investors
Who put money in
BMW i Ventures led the round with 2 other firms.
Lead investor
- backs 50 venture-backed companies new investor
Also in the round
- backs 26 venture-backed companies new investor
- LAUNCHub backs 36 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,647 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Jan 2023 | $55M | not disclosed | Andreessen Horowitz |
| Tech Companies | 31 Jan 2023 | $30M | not disclosed | Standard Investments |
| Tech Companies | 24 Jan 2023 | $26M | not disclosed | Anthos Capital and Foundation Capital |
| Tech Companies | 17 Jan 2023 | $25M | not disclosed | Polychain |
| Tech Companies | 5 Jan 2023 | $25M | not disclosed | MassMutual Ventures and Action Potential Venture Capital |
| Tech Companies | 18 Jan 2023 | $25M | not disclosed | Telescope Partners |
| Tech Companies | 9 Jan 2023 | $21M | not disclosed | Moneta Ventures |
| Tech Companies | 19 Jan 2023 | $20M | not disclosed | BOLD Capital Partners and GSV Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did AMPECO raise in its Series A round?
AMPECO raised $13M in its Series A round, announced in Jan 2023.
Who led AMPECO's Series A round?
BMW i Ventures led it, with Cavalry and LAUNCHub.
What was AMPECO's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,647 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was close to the median.
Did AMPECO raise again after this round?
Yes: a Series B round in Nov 2024 of $26M.