Funding round
BioRender Seed
BioRender, which works in scientific illustration creation platform development in Toronto, raised $1.7M in a Seed round announced on 1 Jan 2018, led by Y Combinator. 4 firms took part. It is BioRender's first venture round on record.
$1.7M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
BioRender did not disclose a valuation in this round. It is BioRender's first venture round on record, 1 year after it was founded in 2017. It is under 1% of the $917M BioRender has raised in the venture rounds on record. BioRender raised again 63 months later: a Series A round of $15M in Apr 2023, at $900M post-money.
Investors
Who put money in
Y Combinator led the round with 3 other firms.
Lead investor
- Y Combinator backs 1,295 venture-backed companies
Also in the round
- Ankit Gupta
- Brad Flora
- Fortius Ventures
Comparable rounds
How it compares
673 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.0M, and this round was 85% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Jan 2018 | $30M | not disclosed | Danish Growth Fund |
| Tech Companies | 1 Jan 2018 | $17M | not disclosed | not named |
| Tech Companies | 17 Jan 2018 | $5.7M | not disclosed | Goodwater Capital |
| Tech Companies | 30 Jan 2018 | $5.5M | not disclosed | not named |
| Tech Companies | 1 Jan 2018 | $5.0M | not disclosed | not named |
| Tech Companies | 25 Jan 2018 | $4.7M | not disclosed | not named |
| Tech Companies | 1 Jan 2018 | $4.6M | $31M | not named |
| Tech Companies | 25 Jan 2018 | $4.5M | not disclosed | Ignition Partners |
Questions
Frequently asked
How much did BioRender raise in its Seed round?
BioRender raised $1.7M in its Seed round, announced in Jan 2018.
Who led BioRender's Seed round?
Y Combinator led it, with Ankit Gupta, Brad Flora and Fortius Ventures.
What was BioRender's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
673 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.0M, and this round was 85% of the median.
Did BioRender raise again after this round?
Yes: a Series A round in Apr 2023 of $15M at $900M post-money.