Funding round
CloudMinds Seed
CloudMinds, which works in cloud intelligent robot solutions in Minhang District, raised $30M in a Seed round announced on 1 May 2016. 3 firms took part. It is CloudMinds' first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
CloudMinds did not disclose a valuation in this round. It is CloudMinds' first venture round on record, 1 year after it was founded in 2015. It is 5.3% of the $567M CloudMinds has raised in the venture rounds on record. CloudMinds raised again 9 months later: a Series A round of $100M in Feb 2017.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- SoftBank
- Foxconn
- Walden International
Comparable rounds
How it compares
414 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.6M, and this round was 19 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 5 May 2016 | $4.0M | not disclosed | Simon Equity Partners and Freestyle VC |
| Tech Companies | 15 May 2016 | $2.8M | not disclosed | Thrive Capital |
| Tech Companies | 20 May 2016 | $2.0M | not disclosed | Hillsven Capital |
| Tech Companies | 25 May 2016 | $2.0M | not disclosed | AXA Strategic Ventures |
| Tech Companies | 31 May 2016 | $1.5M | not disclosed | not named |
| Tech Companies | 1 May 2016 | $1.1M | not disclosed | not named |
| Tech Companies | 17 May 2016 | $1.1M | not disclosed | Bain Capital Ventures and Blackbird |
| Tech Companies | 21 May 2016 | $1.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did CloudMinds raise in its Seed round?
CloudMinds raised $30M in its Seed round, announced in May 2016.
Which investors took part in CloudMinds' Seed round?
SoftBank, Foxconn and Walden International.
What was CloudMinds' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
414 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.6M, and this round was 19 times the median.
Did CloudMinds raise again after this round?
Yes: a Series A round in Feb 2017 of $100M.