Funding round
Decagon Series A
Decagon, which works in conversational AI platform development in San Francisco, raised $30M in a Series A round announced on 18 Jun 2024, led by Accel. 2 firms took part. It is Decagon's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Decagon did not disclose a valuation in this round. It is Decagon's first venture round on record, 1 year after it was founded in 2023. It is 6.3% of the $476M Decagon has raised in the venture rounds on record. Decagon raised again 4 months later: a Series B round of $65M in Oct 2024, at $650M post-money.
Decagon's funding rounds
Decagon has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Accel led the round with 1 other firm.
Lead investor
- Accel backs 581 venture-backed companies
Also in the round
- backs 39 venture-backed companies
Joined the board: Ivan Zhou (Accel).
Comparable rounds
How it compares
132 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $15M, and this round was 2.0 times the median. The closest in time, other companies' Series A rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 1 Jun 2024 | $44M | not disclosed | not named |
| Software Development Services | 4 Jun 2024 | $43M | not disclosed | Founders Fund and Dragonfly |
| Software Development Services | 10 Jun 2024 | $25M | not disclosed | Lightspeed Venture Partners and Pantera |
| Software Development Services | 8 Jun 2024 | $20M | $95M | New Enterprise Associates |
| Software Development Services | 5 Jun 2024 | $15M | not disclosed | Salesforce Ventures |
| Software Development Services | 26 Jun 2024 | $13M | not disclosed | Inovia |
| Software Development Services | 10 Jun 2024 | $11M | not disclosed | 115K |
| Skild AI Software Development Services | 9 Jul 2024 | $300M | $1.50B | Lightspeed Venture Partners and Coatue |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Decagon raise in its Series A round?
Decagon raised $30M in its Series A round, announced in Jun 2024.
Who led Decagon's Series A round?
Accel led it, with A*.
What was Decagon's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Software Development Services?
132 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $15M, and this round was 2.0 times the median.
Did Decagon raise again after this round?
Yes: a Series B round in Oct 2024 of $65M at $650M post-money.