Funding round
Apiary Book Seed
Apiary Book, which works in beekeeping management software development in Romania, raised $233K in a Seed round announced on 3 Nov 2020, led by GapMinder, at a $1.9M post-money valuation. 2 firms took part.
$233K
Amount raised
200,000 EUR converted
$1.9M
Post-money valuation
$1.7M pre-money
2
Investors
1 lead
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Apiary Book at $1.9M after the new money. The $233K bought investors about 12% of the company. It is Apiary Book's first venture round on record, 5 years after it was founded in 2015. No later venture round is on record for Apiary Book.
Apiary Book's funding rounds
This is the only venture round on record for Apiary Book.
- Seed this round 3 Nov 2020, led by GapMinder $233K$1.9M post-money
Investors
Who put money in
GapMinder led the round with 1 other firm.
Lead investor
- GapMinder backs 21 venture-backed companies
Also in the round
- SeedBlink
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
1,682 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.8M, and this round was 8% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 10 Nov 2020 | $15M | not disclosed | Bedrock |
| Tech Companies | 16 Nov 2020 | $8.5M | not disclosed | Felicis and IA Ventures |
| Tech Companies | 17 Nov 2020 | $7.7M | not disclosed | not named |
| Tech Companies | 1 Nov 2020 | $7.5M | not disclosed | Bessemer Venture Partners and CRV |
| Tech Companies | 24 Nov 2020 | $7.0M | not disclosed | Amadeus Capital |
| Tech Companies | 25 Nov 2020 | $6.6M | not disclosed | S Capital VC |
| Tech Companies | 20 Nov 2020 | $6.4M | not disclosed | Okapi Venture Capital |
| Tech Companies | 1 Nov 2020 | $6.3M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Apiary Book raise in its Seed round?
Apiary Book raised $233K in its Seed round, announced in Nov 2020.
Who led Apiary Book's Seed round?
GapMinder led it, with SeedBlink.
What was Apiary Book's valuation at the Seed round?
$1.9M post-money ($1.7M pre-money).
How does it compare with other Seed rounds in Tech Companies?
1,682 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.8M, and this round was 8% of the median.