Funding round
Etched Seed
Etched, which works in superintelligence hardware development and manufacturing in San Jose, raised $5.4M in a Seed round announced on 1 Mar 2023, at a $34M post-money valuation. It is Etched's first venture round on record.
$5.4M
Amount raised
$34M
Post-money valuation
$29M pre-money
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Etched at $34M after the new money. The $5.4M bought investors about 16% of the company. It is Etched's first venture round on record, 1 year after it was founded in 2022. It is under 1% of the $1.33B Etched has raised in the venture rounds on record. Etched raised again 15 months later: a Series A round of $120M in Jun 2024. Its next priced round, a Growth in Jan 2026, valued it at $5.00B.
Etched's funding rounds
Etched has 4 venture rounds on record. This one is highlighted.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
45 Seed rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $4.2M, and this round was 1.3 times the median. The closest in time, other companies' Seed rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 9 Mar 2023 | $6.3M | not disclosed | FORWARD.one |
| Electronical Components Manufacturing | 5 Mar 2023 | $47K | not disclosed | not named |
| Electronical Components Manufacturing | 23 Feb 2023 | $2.3M | not disclosed | Sequoia Capital India |
| Electronical Components Manufacturing | 20 Feb 2023 | $2.3M | not disclosed | Ultratech |
| Electronical Components Manufacturing | 15 Feb 2023 | $2.0M | not disclosed | Quantonation |
| Electronical Components Manufacturing | 7 Feb 2023 | $1.5M | not disclosed | not named |
| Electronical Components Manufacturing | 1 Jan 2023 | $21M | not disclosed | not named |
| Electronical Components Manufacturing | 11 May 2023 | $4.5M | not disclosed | The Quantum Inspired Technology Fund |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Etched raise in its Seed round?
Etched raised $5.4M in its Seed round, announced in Mar 2023.
What was Etched's valuation at the Seed round?
$34M post-money ($29M pre-money).
How does it compare with other Seed rounds in Electronical Components Manufacturing?
45 Seed rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $4.2M, and this round was 1.3 times the median.
Did Etched raise again after this round?
Yes: a Series A round in Jun 2024 of $120M.