Funding round
BoostSecurity Seed
BoostSecurity, which works in DevSecOps platform development in Montreal, raised $9.0M in a Seed round announced on 16 Nov 2022, led by Sorenson Capital. 5 firms took part.
$9.0M
Amount raised
12,000,000 CAD converted
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
BoostSecurity did not disclose a valuation in this round. It is BoostSecurity's first venture round on record, 2 years after it was founded in 2020. No later venture round is on record for BoostSecurity.
BoostSecurity's funding rounds
This is the only venture round on record for BoostSecurity.
- Seed this round 16 Nov 2022, led by Sorenson Capital $9.0M
- Other not a venture round 6 May 2026 $4.0M
Investors
Who put money in
Sorenson Capital led the round with 4 other firms.
Lead investor
- backs 50 venture-backed companies new investor
Also in the round
- Hoxton Ventures backs 50 venture-backed companies new investor
- backs 66 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- Transform VC new investor
Joined the board: Sorenson Capital (Sorenson Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,609 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 2.6 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Nov 2022 | $15M | not disclosed | Bain Capital Ventures |
| Tech Companies | 15 Nov 2022 | $14M | not disclosed | Scale Venture Partners |
| Tech Companies | 16 Nov 2022 | $13M | $175M | Redpoint Ventures |
| Tech Companies | 7 Nov 2022 | $10M | not disclosed | Bessemer Venture Partners and CRV |
| Tech Companies | 3 Nov 2022 | $10M | not disclosed | Lakestar and Vsquared |
| Tech Companies | 3 Nov 2022 | $10M | not disclosed | Blackbird and Airtree |
| Tech Companies | 9 Nov 2022 | $10M | not disclosed | Hashed and Race Capital |
| Tech Companies | 3 Nov 2022 | $9.5M | not disclosed | Buoyant Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did BoostSecurity raise in its Seed round?
BoostSecurity raised $9.0M in its Seed round, announced in Nov 2022.
Who led BoostSecurity's Seed round?
Sorenson Capital led it, with Hoxton Ventures, Golden Ventures, Firebolt Ventures and Transform VC.
What was BoostSecurity's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,609 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 2.6 times the median.