Funding round
Decart Seed
Decart, which works in generative AI model development in Wilmington, raised $21M in a Seed round announced on 31 Oct 2024, led by Sequoia Capital. 3 firms took part. It is Decart's first venture round on record.
$21M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Decart did not disclose a valuation in this round. It is Decart's first venture round on record, 1 year after it was founded in 2023. It is 4.6% of the $453M Decart has raised in the venture rounds on record. Decart raised again 2 months later: a Series A round of $32M in Dec 2024, at $500M post-money.
Decart's funding rounds
Decart has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Sequoia Capital led the round with 2 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Zeev Ventures new investor
- backs 8 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
2,577 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.9M, and this round was 5.5 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Oct 2024 | $100M | not disclosed | Oak HC/FT |
| Tech Companies | 13 Oct 2024 | $96M | not disclosed | not named |
| Tech Companies | 7 Oct 2024 | $35M | not disclosed | Greylock Partners |
| Eon Tech Companies | 1 Oct 2024 | $20M | not disclosed | Sequoia Capital |
| Tech Companies | 21 Oct 2024 | $14M | not disclosed | General Catalyst |
| Tech Companies | 30 Oct 2024 | $12M | not disclosed | Lowercarbon Capital |
| Tech Companies | 31 Oct 2024 | $11M | not disclosed | BITKRAFT Ventures |
| Tech Companies | 30 Oct 2024 | $11M | not disclosed | YL Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Decart raise in its Seed round?
Decart raised $21M in its Seed round, announced in Oct 2024.
Who led Decart's Seed round?
Sequoia Capital led it, with Zeev Ventures and Zeev Ventures.
What was Decart's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,577 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.9M, and this round was 5.5 times the median.
Did Decart raise again after this round?
Yes: a Series A round in Dec 2024 of $32M at $500M post-money.