Funding round
Apheris Seed
Apheris, which works in AI drug discovery platform development in Berlin, raised $3.0M in a Seed round announced on 20 Aug 2020, led by LocalGlobe. 4 firms took part. It is Apheris' first venture round on record.
$3.0M
Amount raised
2,500,000 EUR converted
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Apheris did not disclose a valuation in this round. It is Apheris' first venture round on record, 1 year after it was founded in 2019. It is 9.1% of the $32M Apheris has raised in the venture rounds on record. Apheris raised again 27 months later: a Bridge round of $8.7M in Nov 2022.
Investors
Who put money in
LocalGlobe led the round with 3 other firms.
Lead investor
- LocalGlobe new investor
Also in the round
- backs 26 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- backs 10 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,474 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.6M, and this round was close to the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Aug 2020 | $13M | not disclosed | not named |
| Tech Companies | 19 Aug 2020 | $12M | not disclosed | Sorenson Capital |
| Tech Companies | 5 Aug 2020 | $11M | not disclosed | Canaan |
| Tech Companies | 13 Aug 2020 | $7.5M | not disclosed | not named |
| Tech Companies | 1 Aug 2020 | $6.7M | not disclosed | Headline |
| Tech Companies | 20 Aug 2020 | $5.5M | not disclosed | not named |
| Tech Companies | 5 Aug 2020 | $5.3M | not disclosed | Transcend Fund |
| Tech Companies | 4 Aug 2020 | $4.8M | not disclosed | CRV |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Apheris raise in its Seed round?
Apheris raised $3.0M in its Seed round, announced in Aug 2020.
Who led Apheris' Seed round?
LocalGlobe led it, with Dig Ventures, another.vc and System.One.
What was Apheris' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
1,474 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.6M, and this round was close to the median.
Did Apheris raise again after this round?
Yes: a Bridge round in Nov 2022 of $8.7M.