Funding round
Colossyan Series A
Colossyan, which works in AI video generation services in Wilmington, raised $22M in a Series A round announced on 6 Feb 2024, led by Lakestar. 4 firms took part. It is Colossyan's second venture round on record; the one before was a Seed in Jul 2021.
$22M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Colossyan did not disclose a valuation in this round. It came 31 months after Colossyan's Seed. It is 95% of the $23M Colossyan has raised in the venture rounds on record. No later venture round is on record for Colossyan.
Colossyan's funding rounds
Colossyan has 2 venture rounds on record. This one is highlighted.
- Seed 20 Jul 2021, led by Day One Capital $1.2M
- Series A this round 6 Feb 2024, led by Lakestar $22M
Investors
Who put money in
Lakestar led the round with 3 other firms.
Lead investor
- Lakestar backs 95 venture-backed companies new investor
Also in the round
- LAUNCHub backs 36 venture-backed companies new investor
- Day One Capital backs 22 venture-backed companies new investor
- backs 28 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
1,425 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 2.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Feb 2024 | $60M | not disclosed | General Catalyst |
| Tech Companies | 6 Feb 2024 | $42M | not disclosed | Maor Investments |
| Tech Companies | 28 Feb 2024 | $40M | not disclosed | BOND |
| Tech Companies | 21 Feb 2024 | $31M | not disclosed | Kleiner Perkins |
| Tech Companies | 27 Feb 2024 | $30M | not disclosed | Greylock Partners and DST Global |
| Tech Companies | 1 Feb 2024 | $25M | $200M | Sequoia Capital |
| Tech Companies | 2 Feb 2024 | $25M | not disclosed | Prosperity7 Ventures |
| Tech Companies | 21 Feb 2024 | $24M | not disclosed | GFT Ventures and Intel Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Colossyan raise in its Series A round?
Colossyan raised $22M in its Series A round, announced in Feb 2024.
Who led Colossyan's Series A round?
Lakestar led it, with LAUNCHub, Day One Capital and Emerge.
What was Colossyan's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,425 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 2.0 times the median.