Funding round
Filevine Series A
Filevine, which works in legal practice management software development in Salt Lake City, raised $8.3M in a Series A round announced on 29 Jan 2019, led by Signal Peak Ventures. 3 firms took part. It is Filevine's first venture round on record.
$8.3M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Filevine did not disclose a valuation in this round. It is Filevine's first venture round on record, 5 years after it was founded in 2014. It is 1.6% of the $516M Filevine has raised in the venture rounds on record. Filevine raised again 39 months later: a Series D round of $108M in Apr 2022. Its next priced round, a Growth in Sep 2025, valued it at $3.00B.
Investors
Who put money in
Signal Peak Ventures led the round with 2 other firms.
Lead investor
- Signal Peak Ventures new investor
Also in the round
- Peak Ventures new investor
- Jonathan Ord new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and sales and marketing.
- Product development
- Sales and marketing
Comparable rounds
How it compares
903 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jan 2019 | $141M | $1.84B | China State-Owned Capital Venture Investment Fund and ICBC Investment |
| Tech Companies | 28 Jan 2019 | $68M | not disclosed | Andreessen Horowitz |
| Tech Companies | 31 Jan 2019 | $50M | not disclosed | General Catalyst |
| Tech Companies | 24 Jan 2019 | $35M | $400M | SignalFire |
| Tech Companies | 7 Jan 2019 | $28M | not disclosed | Tenfore Holdings |
| Verbit Tech Companies | 29 Jan 2019 | $23M | not disclosed | Viola Ventures |
| Tech Companies | 15 Jan 2019 | $19M | not disclosed | Polaris Partners and Ten Eleven |
| Tech Companies | 16 Jan 2019 | $17M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Filevine raise in its Series A round?
Filevine raised $8.3M in its Series A round, announced in Jan 2019.
Who led Filevine's Series A round?
Signal Peak Ventures led it, with Peak Ventures and Jonathan Ord.
What was Filevine's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
903 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.0M, and this round was close to the median.
Did Filevine raise again after this round?
Yes: a Series D round in Apr 2022 of $108M.