Funding round
Decart Series A
Decart, which works in generative AI model development in Wilmington, raised $32M in a Series A round announced on 19 Dec 2024, led by Benchmark, at a $500M post-money valuation. 3 firms took part, 2 of them already investors. It is Decart's second venture round on record; the one before was a Seed in Oct 2024.
$32M
Amount raised
$500M
Post-money valuation
$468M pre-money
3
Investors
1 lead
6.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Decart at $500M after the new money. The $32M bought investors about 6.4% of the company. It came 2 months after Decart's Seed. It is 7.1% of the $453M Decart has raised in the venture rounds on record. Decart raised again 8 months later: a Series B round of $100M in Aug 2025, at $3.10B post-money.
Decart's funding rounds
Decart has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Benchmark led the round with 2 other firms. Sequoia Capital and Zeev Ventures had backed Decart before.
Lead investor
- Benchmark new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- Zeev Ventures existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,487 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 2.7 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Dec 2024 | $250M | $2.35B | AMD Ventures and Advanced Micro Devices Inc. |
| Upwind Tech Companies | 2 Dec 2024 | $100M | $900M | Craft Ventures |
| Tech Companies | 2 Dec 2024 | $60M | $600M | Tiger Global |
| Tech Companies | 1 Dec 2024 | $50M | not disclosed | Mawer Investment Management Ltd. and Edgepoint Wealth Management Inc. |
| Tech Companies | 19 Dec 2024 | $48M | not disclosed | Accel |
| Tech Companies | 17 Dec 2024 | $34M | not disclosed | Khosla Ventures |
| Tech Companies | 19 Dec 2024 | $30M | not disclosed | Andreessen Horowitz and New Enterprise Associates |
| Tech Companies | 1 Dec 2024 | $30M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Decart raise in its Series A round?
Decart raised $32M in its Series A round, announced in Dec 2024.
Who led Decart's Series A round?
Benchmark led it, with Sequoia Capital and Zeev Ventures.
What was Decart's valuation at the Series A round?
$500M post-money ($468M pre-money).
How does it compare with other Series A rounds in Tech Companies?
1,487 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 2.7 times the median.
Did Decart raise again after this round?
Yes: a Series B round in Aug 2025 of $100M at $3.10B post-money.