Funding round
Cyscale Pre-seed
Cyscale, which works in cloud security platform development in London, raised $410K in a Pre-seed round announced on 14 Sep 2020, led by SeedBlink, at a $2.6M post-money valuation. 3 firms took part. It is Cyscale's first venture round on record.
$410K
Amount raised
$2.6M
Post-money valuation
$2.2M pre-money
3
Investors
1 lead
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cyscale at $2.6M after the new money. The $410K bought investors about 16% of the company. It is Cyscale's first venture round on record, 1 year after it was founded in 2019. It is 11% of the $3.6M Cyscale has raised in the venture rounds on record. Cyscale raised again 20 months later: a Seed round of $3.2M in May 2022.
Cyscale's funding rounds
Cyscale has 2 venture rounds on record. This one is highlighted.
- Pre-seed this round 14 Sep 2020, led by SeedBlink $410K$2.6M post-money
- Seed 19 May 2022, led by Notion Capital $3.2M
Investors
Who put money in
SeedBlink led the round with 2 other firms.
Lead investor
- backs 8 venture-backed companies new investor
Also in the round
- GapMinder backs 21 venture-backed companies new investor
- SeedBlink 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
170 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.0M, and this round was 41% of the median. The closest in time, other companies' Pre-seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Sep 2020 | $1.5M | not disclosed | Mela Ventures and 1Crowd |
| Tech Companies | 16 Sep 2020 | $1.3M | not disclosed | byFounders and SquareOne |
| Tech Companies | 19 Oct 2020 | $2.5M | not disclosed | not named |
| Tech Companies | 2 Oct 2020 | $2.0M | not disclosed | Giant Ventures |
| Tech Companies | 27 Oct 2020 | $1.5M | not disclosed | Focal and Indicator Ventures |
| Tech Companies | 12 Aug 2020 | $1.3M | not disclosed | not named |
| Tech Companies | 30 Oct 2020 | $1.2M | not disclosed | Volta Ventures |
| Neurolabs Tech Companies | 18 Aug 2020 | $1.1M | not disclosed | Lunar Ventures and Techstart Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Cyscale raise in its Pre-seed round?
Cyscale raised $410K in its Pre-seed round, announced in Sep 2020.
Who led Cyscale's Pre-seed round?
SeedBlink led it, with GapMinder and SeedBlink.
What was Cyscale's valuation at the Pre-seed round?
$2.6M post-money ($2.2M pre-money).
How does it compare with other Pre-seed rounds in Tech Companies?
170 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.0M, and this round was 41% of the median.
Did Cyscale raise again after this round?
Yes: a Seed round in May 2022 of $3.2M.