Funding round
Commsignia Series B
Commsignia, which works in connected vehicle solutions development in Santa Clara, raised $15M in a Series B round announced on 5 Sep 2023, led by PortfoLion Capital Partners, Inventure, Day One Capital and Inference Partners. 10 firms took part.
$15M
Amount raised
Not disclosed
Post-money valuation
10
Investors
4 leads
Valuation
What this round says about the price
Commsignia did not disclose a valuation in this round. It is Commsignia's first venture round on record, 11 years after it was founded in 2012. No later venture round is on record for Commsignia.
Commsignia's funding rounds
This is the only venture round on record for Commsignia.
- Other not a venture round 15 Aug 2019, led by Karma Ventures and Samsung Catalyst Fund $11M
- Series B this round 5 Sep 2023, led by PortfoLion Capital Partners, Inventure and Day One Capital $15M
Investors
Who put money in
PortfoLion Capital Partners, Inventure, Day One Capital and Inference Partners led the round with 6 other firms.
Lead investors
- PortfoLion Capital Partners new investor
- backs 60 venture-backed companies new investor
- Day One Capital backs 22 venture-backed companies new investor
- backs 2 venture-backed companies new investor
Also in the round
- backs 182 venture-backed companies new investor
- backs 37 venture-backed companies new investor
- backs 20 venture-backed companies new investor
- LG Electronics new investor
- backs 32 venture-backed companies new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
565 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 58% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Sep 2023 | $336M | not disclosed | TPG |
| Tech Companies | 7 Sep 2023 | $200M | $1.00B | Astera Institute |
| d-Matrix Tech Companies | 6 Sep 2023 | $110M | not disclosed | Temasek |
| Tech Companies | 19 Sep 2023 | $100M | $500M | United States Innovative Technology |
| Tech Companies | 18 Sep 2023 | $100M | $500M | Iconiq Growth |
| Tech Companies | 5 Sep 2023 | $93M | not disclosed | Global Brain and Globis Capital Partners |
| Tech Companies | 20 Sep 2023 | $60M | not disclosed | Prosus Ventures and Atomico |
| Tech Companies | 20 Sep 2023 | $53M | $400M | Felicis |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Commsignia raise in its Series B round?
Commsignia raised $15M in its Series B round, announced in Sep 2023.
Who led Commsignia's Series B round?
PortfoLion Capital Partners, Inventure, Day One Capital and Inference Partners led it, with Partech, Credo Ventures, Karma Ventures, LG Electronics and Samsung Catalyst Fund and 1 more.
What was Commsignia's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
565 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $26M, and this round was 58% of the median.