Funding round
DailyPay Seed
DailyPay, which works in device repair services in New York, raised $1.5M in a Seed round announced on 31 Oct 2015, at a $7.5M post-money valuation. 1 firm took part. It is DailyPay's first venture round on record.
$1.5M
Amount raised
$7.5M
Post-money valuation
$6.0M pre-money
1
Investors
no lead named
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DailyPay at $7.5M after the new money. The $1.5M bought investors about 20% of the company. It is DailyPay's first venture round on record, in the year it was founded (2015). It is under 1% of the $191M DailyPay has raised in the venture rounds on record. DailyPay raised again 10 months later: a Series A round of $5.0M in Aug 2016.
DailyPay's funding rounds
DailyPay has 4 venture rounds on record and 8 other deals. This one is highlighted.
- Seed this round 31 Oct 2015 $1.5M$7.5M post-money
- Series A 16 Aug 2016, led by RPM Ventures $5.0M
- Series B 15 Feb 2018, led by Intercept Ventures $9.0M
- Series D 18 May 2021, led by Carrick Capital Partners $175M
- Debt not a venture round 20 May 2021 $325M
- Debt not a venture round 24 Jan 2023 $260M
- Debt not a venture round 18 Jan 2024 $100M
- Debt not a venture round 25 Oct 2024 $100M
- Debt not a venture round 30 Jun 2025 $200M
- Debt not a venture round 30 Dec 2025, led by JPMorgan Chase Bank, N.A. $195M
- Debt not a venture round 19 Feb 2026 $960M
- Debt not a venture round 8 Oct 2026 $200M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Meyer Ventures
Comparable rounds
How it compares
The closest in time: 2 in Financial Services, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Financial Services | 28 May 2015 | $1.0M | not disclosed | Ferst Capital Partners and Hedgewood |
| ProducePay Financial Services | 29 Jun 2016 | $2.5M | not disclosed | not named |
| Luggages, Bags & Handbags | 14 Oct 2015 | $12M | not disclosed | not named |
| Home Builders & Renovation Contractors | 20 Oct 2015 | $5.5M | not disclosed | not named |
| Tech Companies | 1 Oct 2015 | $5.0M | not disclosed | not named |
| Tech Companies | 1 Oct 2015 | $5.0M | not disclosed | not named |
| Biotechnology | 28 Oct 2015 | $4.0M | not disclosed | not named |
| Tech Companies | 2 Oct 2015 | $3.0M | not disclosed | Impression Ventures |
Questions
Frequently asked
How much did DailyPay raise in its Seed round?
DailyPay raised $1.5M in its Seed round, announced in Oct 2015.
Which investors took part in DailyPay's Seed round?
Meyer Ventures.
What was DailyPay's valuation at the Seed round?
$7.5M post-money ($6.0M pre-money).
Did DailyPay raise again after this round?
Yes: a Series A round in Aug 2016 of $5.0M.