Funding round
Charlie AI Series A
Charlie AI, which works in AI-Driven sales automation platform development in Vancouver, raised $9.0M in a Series A round announced on 26 Nov 2018, led by Propel Venture Partners. 18 firms took part.
$9.0M
Amount raised
Not disclosed
Post-money valuation
18
Investors
1 lead
Valuation
What this round says about the price
Charlie AI did not disclose a valuation in this round. No later venture round is on record for Charlie AI.
Charlie AI's funding rounds
This is the only venture round on record for Charlie AI.
- Series A this round 26 Nov 2018, led by Propel Venture Partners $9.0M
Investors
Who put money in
Propel Venture Partners led the round with 17 other firms.
Lead investor
- backs 32 venture-backed companies new investor
Also in the round
- backs 110 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- LAUNCHub backs 36 venture-backed companies new investor
- Norwest backs 215 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 105 venture-backed companies new investor
- backs 111 venture-backed companies new investor
- backs 40 venture-backed companies new investor
- HEX Capital new investor
- backs 67 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- backs 91 venture-backed companies new investor
- Seven Seven Six backs 90 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
890 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automation Anywhere Tech Companies | 15 Nov 2018 | $300M | $2.60B | not named |
| Tech Companies | 27 Nov 2018 | $60M | not disclosed | Jungle Ventures |
| Tech Companies | 8 Nov 2018 | $25M | not disclosed | Accel |
| Tech Companies | 13 Nov 2018 | $22M | not disclosed | Macquarie |
| Tech Companies | 21 Nov 2018 | $18M | not disclosed | Greycroft and Gradient |
| Tech Companies | 16 Nov 2018 | $16M | not disclosed | Galaxy |
| Tech Companies | 15 Nov 2018 | $16M | not disclosed | Canaan |
| Thought Machine Tech Companies | 8 Nov 2018 | $14M | not disclosed | Lloyds Banking Group |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Charlie AI raise in its Series A round?
Charlie AI raised $9.0M in its Series A round, announced in Nov 2018.
Who led Charlie AI's Series A round?
Propel Venture Partners led it, with Uncork Capital, Frog Capital, LAUNCHub, Norwest and Peterson Partners and 12 more.
What was Charlie AI's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
890 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was close to the median.