Funding round
BCB Group Seed
BCB Group, which works in digital asset infrastructure solutions in London, raised $1.0M in a Seed round announced on 1 Mar 2019, led by NKB Finance. 1 firm took part. It is BCB Group's first venture round on record.
$1.0M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
BCB Group did not disclose a valuation in this round. It is BCB Group's first venture round on record, 2 years after it was founded in 2017. It is 1.6% of the $61M BCB Group has raised in the venture rounds on record. BCB Group raised again 34 months later: a Series A round of $60M in Jan 2022.
BCB Group's funding rounds
BCB Group has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 1 Mar 2019, led by NKB Finance $1.0M
- Other not a venture round 2 Mar 2021, led by North Island Ventures and Blockchain.com Ventures $4.5M
- Series A 24 Jan 2022, led by Foundation Capital and Backed.VC $60M
Investors
Who put money in
NKB Finance led the round.
Lead investor
- NKB Finance new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring.
- Hiring
Comparable rounds
How it compares
41 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $2.0M, and this round was 50% of the median. The closest in time, other companies' Seed rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Addi Payment Processing & Point of Sale | 1 Mar 2019 | $1.5M | not disclosed | not named |
| Payment Processing & Point of Sale | 4 Mar 2019 | $750K | not disclosed | Early Game Ventures |
| Payment Processing & Point of Sale | 5 Mar 2019 | undisclosed | not disclosed | Captii Ventures |
| Payment Processing & Point of Sale | 11 Apr 2019 | $3.5M | not disclosed | not named |
| Payment Processing & Point of Sale | 4 Apr 2019 | $1.8M | not disclosed | Mistral Venture Partners |
| Payment Processing & Point of Sale | 4 Apr 2019 | $1.2M | not disclosed | not named |
| Payment Processing & Point of Sale | 1 Feb 2019 | $750K | not disclosed | not named |
| Payment Processing & Point of Sale | 9 Apr 2019 | $600K | not disclosed | Arzan VC |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did BCB Group raise in its Seed round?
BCB Group raised $1.0M in its Seed round, announced in Mar 2019.
Who led BCB Group's Seed round?
NKB Finance led it.
What was BCB Group's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Payment Processing & Point of Sale?
41 Seed rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $2.0M, and this round was 50% of the median.
Did BCB Group raise again after this round?
Yes: a Series A round in Jan 2022 of $60M.