Funding round
Branch Seed
Branch, which works in mobile measurement platform development in Mountain View, raised $3.0M in a Seed round announced on 23 Sep 2014, led by New Enterprise Associates. 3 firms took part. It is Branch's first venture round on record.
$3.0M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Branch did not disclose a valuation in this round. It is Branch's first venture round on record, in the year it was founded (2014). It is under 1% of the $542M Branch has raised in the venture rounds on record. Branch raised again 4 months later: a Series A round of $15M in Jan 2015. Its next priced round, a Series D in Sep 2018, valued it at $1.00B.
Branch's funding rounds
Branch has 6 venture rounds on record. This one is highlighted.
- Seed this round 23 Sep 2014, led by New Enterprise Associates $3.0M
- Series A 1 Jan 2015, led by New Enterprise Associates $15M
- Series B 27 Jan 2016, led by Founders Fund $35M
- Series C 12 Apr 2017, led by Playground $60M
- Series D 7 Sep 2018 $129M$1.00B post-money
- Growth 10 Feb 2022, led by New Enterprise Associates $300M$4.00B post-money
Investors
Who put money in
New Enterprise Associates led the round with 2 other firms.
Lead investor
- New Enterprise Associates backs 286 venture-backed companies new investor
Also in the round
- backs 108 venture-backed companies new investor
- backs 33 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
287 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.5M, and this round was 2.0 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Talkdesk Tech Companies | 1 Sep 2014 | $3.1M | not disclosed | Storm Ventures |
| Tech Companies | 1 Sep 2014 | $3.1M | not disclosed | not named |
| Tech Companies | 24 Sep 2014 | $3.0M | not disclosed | Atlas Venture and KEC Ventures |
| Tech Companies | 24 Sep 2014 | $2.6M | not disclosed | not named |
| Tech Companies | 17 Sep 2014 | $2.4M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 8 Sep 2014 | $2.3M | not disclosed | not named |
| Tech Companies | 19 Sep 2014 | $2.2M | not disclosed | New School Ventures Fund and Runa Capital |
| Tech Companies | 23 Sep 2014 | $2.1M | not disclosed | Sofinnova Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Branch raise in its Seed round?
Branch raised $3.0M in its Seed round, announced in Sep 2014.
Who led Branch's Seed round?
New Enterprise Associates led it, with Pear VC and TriplePoint Capital.
What was Branch's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
287 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.5M, and this round was 2.0 times the median.
Did Branch raise again after this round?
Yes: a Series A round in Jan 2015 of $15M.