Funding round
Eon Seed
Eon, which works in cloud backup posture management solutions in New York, raised $20M in a Seed round announced on 1 Oct 2024, led by Sequoia Capital. 4 firms took part. It is Eon's second venture round on record; the one before was a Growth in Oct 2024.
$20M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Eon did not disclose a valuation in this round. It is 3.2% of the $624M Eon has raised in the venture rounds on record. Eon raised again: a Series A round of $30M in Oct 2024. Its next priced round, a Series C in Nov 2024, valued it at $1.40B.
Eon's funding rounds
Eon has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
Sequoia Capital led the round with 3 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- backs 36 venture-backed companies new investor
- Meron Capital new investor
- backs 125 venture-backed companies new investor
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 5.2 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 |
| Decart Tech Companies | 31 Oct 2024 | $21M | 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 Eon raise in its Seed round?
Eon raised $20M in its Seed round, announced in Oct 2024.
Who led Eon's Seed round?
Sequoia Capital led it, with Vine Ventures, Meron Capital and Eight Roads.
What was Eon'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 5.2 times the median.
Did Eon raise again after this round?
Yes: a Series A round in Oct 2024 of $30M.