Funding round
Crusoe Seed
Crusoe, which works in AI cloud platform development in Denver, raised $4.5M in a Seed round announced on 1 Mar 2019. It is Crusoe's first venture round on record.
$4.5M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Crusoe did not disclose a valuation in this round. It is Crusoe's first venture round on record, 1 year after it was founded in 2018. It is under 1% of the $6.39B Crusoe has raised in the venture rounds on record. Crusoe raised again 9 months later: a Growth round of $30M in Dec 2019. Its next priced round, a Series C in Apr 2022, valued it at $1.75B.
Crusoe's funding rounds
Crusoe has 7 venture rounds on record and 4 other deals. This one is highlighted.
- Seed this round 1 Mar 2019 $4.5M
- Growth 6 Dec 2019, led by Bain Capital Ventures and KCK Financial Services $30M
- Series B 1 Jan 2021, led by Valor $128M
- Debt not a venture round 21 Apr 2022 $155M
- Series C 21 Apr 2022, led by G2 Venture Partners $350M$1.75B post-money
- Series D 12 Dec 2024, led by Founders Fund $600M$2.80B post-money
- Debt not a venture round 27 Mar 2025, led by Upper90 $225M
- Other not a venture round 11 Jun 2025, led by Brookfield $750M
- Debt not a venture round 25 Aug 2025, led by Victory Park Capital $175M$2.80B post-money
- Series E 24 Oct 2025, led by Valor and Mubadala Capital $1.38B$10.00B post-money
- Series F 17 Sep 2026, led by Atreides Management, Mubadala Capital and Valor $3.90B$30.90B post-money
Comparable rounds
How it compares
16 Seed rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $2.0M, and this round was 2.3 times the median. The closest in time, other companies' Seed rounds in Hosting & Cloud Infrastructure Providers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hosting & Cloud Infrastructure Providers | 6 Mar 2019 | $4.0M | not disclosed | Pangea Blockchain International |
| Fluidstack Hosting & Cloud Infrastructure Providers | 20 Feb 2019 | $3.0M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 7 Apr 2019 | $2.4M | not disclosed | Lerer Hippeau |
| Hosting & Cloud Infrastructure Providers | 25 Apr 2019 | $2.3M | not disclosed | General Catalyst and South Park Commons |
| Hosting & Cloud Infrastructure Providers | 15 Feb 2019 | $1.6M | not disclosed | not named |
| Hosting & Cloud Infrastructure Providers | 4 Apr 2019 | undisclosed | $10M | not named |
| Hosting & Cloud Infrastructure Providers | 1 May 2019 | $2.0M | not disclosed | Danhua Capital and Plug and Play |
| Hosting & Cloud Infrastructure Providers | 8 May 2019 | $2.0M | not disclosed | Episode 1 |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Crusoe raise in its Seed round?
Crusoe raised $4.5M in its Seed round, announced in Mar 2019.
What was Crusoe's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Hosting & Cloud Infrastructure Providers?
16 Seed rounds in Hosting & Cloud Infrastructure Providers within a year either side disclosed an amount; the median was $2.0M, and this round was 2.3 times the median.
Did Crusoe raise again after this round?
Yes: a Growth round in Dec 2019 of $30M.