Funding round
Coinmerce Seed
Coinmerce, which works in financial services in Haarlemmermeer, raised $2.3M in a Seed round announced on 12 Jul 2016. 3 firms took part. It is Coinmerce's first venture round on record.
$2.3M
Amount raised
2,100,000 EUR converted
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Coinmerce did not disclose a valuation in this round. It is Coinmerce's first venture round on record, 11 years after it was founded in 2005. It is under 1% of the $524M Coinmerce has raised in the venture rounds on record. Coinmerce raised again 13 months later: a Series A round of $12M in Aug 2017. Its next priced round, a Series C in Jan 2020, valued it at $500M.
Coinmerce's funding rounds
Coinmerce has 6 venture rounds on record. This one is highlighted.
- Seed this round 12 Jul 2016 $2.3M
- Series A 3 Aug 2017, led by Northzone $12M
- Series B 16 Jan 2019, led by Index Ventures $40M
- Series C 20 Jan 2020, led by Accel $75M$500M post-money
- Series D 18 Jan 2021, led by Index Ventures and Meritech Capital $125M$1.70B post-money
- Series E 12 Oct 2021, led by Greenoaks $270M$6.30B post-money
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- backs 295 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- Stylight Founders new investor
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
The closest in time, other companies' Seed rounds in Cryptocurrency:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cryptocurrency | 5 Sep 2016 | $1.5M | not disclosed | not named |
| Cryptocurrency | 24 May 2016 | undisclosed | not disclosed | Wamda Capital |
| Cryptocurrency | 4 Apr 2016 | $910K | not disclosed | High-Tech Gründerfonds |
| Cryptocurrency | 9 Sep 2015 | $1.6M | not disclosed | Digital Currency Group |
| Cryptocurrency | 2 Sep 2015 | $1.1M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Coinmerce raise in its Seed round?
Coinmerce raised $2.3M in its Seed round, announced in Jul 2016.
Which investors took part in Coinmerce's Seed round?
Global Founders Capital, Picus Capital and Stylight Founders.
What was Coinmerce's valuation at the Seed round?
It was not disclosed.
Did Coinmerce raise again after this round?
Yes: a Series A round in Aug 2017 of $12M.