Funding round
Bluevine Seed
Bluevine, which works in business banking solutions in Jersey City, raised $1.5M in a Seed round announced on 13 Aug 2014. It is Bluevine's first venture round on record.
$1.5M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Bluevine did not disclose a valuation in this round. It is Bluevine's first venture round on record, 1 year after it was founded in 2013. It is under 1% of the $284M Bluevine has raised in the venture rounds on record. Bluevine raised again 3 months later: a Series B round of $19M in Nov 2014.
Bluevine's funding rounds
Bluevine has 6 venture rounds on record and 3 other deals. This one is highlighted.
- Seed this round 13 Aug 2014 $1.5M
- Series B 18 Nov 2014, led by 83North and Lightspeed Venture Partners $19M
- Series C 20 Jan 2016, led by Menlo Ventures $40M
- Series D 14 Dec 2016, led by Lightspeed Venture Partners $49M
- Debt not a venture round 28 Feb 2017 $75M
- Debt not a venture round 17 Oct 2017 $130M
- Debt not a venture round 30 Apr 2018 $200M
- Series E 31 Jul 2018 $72M
- Series F 19 Nov 2019, led by ION Asset Management $103M
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Seed rounds in Banks & ATMs:
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Bluevine raise in its Seed round?
Bluevine raised $1.5M in its Seed round, announced in Aug 2014.
What was Bluevine's valuation at the Seed round?
It was not disclosed.
Did Bluevine raise again after this round?
Yes: a Series B round in Nov 2014 of $19M.