Funding round
Deepstash Seed
Deepstash, which works in microlearning content aggregation and delivery in Newark, raised $3.6M in a Seed round announced on 4 Dec 2020, led by Connect Ventures. 3 firms took part.
$3.6M
Amount raised
2,700,000 GBP converted
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Deepstash did not disclose a valuation in this round. It is Deepstash's first venture round on record, 1 year after it was founded in 2019. No later venture round is on record for Deepstash.
Deepstash's funding rounds
This is the only venture round on record for Deepstash.
- Seed this round 4 Dec 2020, led by Connect Ventures $3.6M
Investors
Who put money in
Connect Ventures led the round with 2 other firms.
Lead investor
- backs 62 venture-backed companies new investor
Also in the round
- GapMinder backs 21 venture-backed companies new investor
- Cultivate Capital 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
1,741 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.8M, and this round was 1.3 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Dec 2020 | $12M | not disclosed | Lightspeed |
| Tech Companies | 19 Dec 2020 | $7.0M | not disclosed | not named |
| Tech Companies | 2 Dec 2020 | $6.7M | not disclosed | Craft Ventures |
| Tech Companies | 2 Dec 2020 | $6.0M | not disclosed | Index Ventures |
| Tech Companies | 1 Dec 2020 | $5.5M | not disclosed | Index Ventures and First Round |
| Tech Companies | 8 Dec 2020 | $5.5M | not disclosed | Andreessen Horowitz |
| Tech Companies | 10 Dec 2020 | $5.0M | not disclosed | Two Sigma Ventures |
| Tech Companies | 10 Dec 2020 | $5.0M | not disclosed | Red Fort Capital |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Deepstash raise in its Seed round?
Deepstash raised $3.6M in its Seed round, announced in Dec 2020.
Who led Deepstash's Seed round?
Connect Ventures led it, with GapMinder and Cultivate Capital.
What was Deepstash's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
1,741 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.8M, and this round was 1.3 times the median.