Funding round
FlowX.AI Seed
FlowX.AI, which works in AI agent development and deployment in Bucharest, raised $8.5M in a Seed round announced on 9 Nov 2021, led by PortfoLion. 3 firms took part. It is FlowX.AI's first venture round on record.
$8.5M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
FlowX.AI did not disclose a valuation in this round. It is FlowX.AI's first venture round on record, 1 year after it was founded in 2020. It is 20% of the $44M FlowX.AI has raised in the venture rounds on record. FlowX.AI raised again 18 months later: a Series A round of $35M in May 2023.
FlowX.AI's funding rounds
FlowX.AI has 2 venture rounds on record. This one is highlighted.
- Seed this round 9 Nov 2021, led by PortfoLion $8.5M
- Series A 22 May 2023, led by Dawn Capital $35M
Investors
Who put money in
PortfoLion led the round with 2 other firms.
Lead investor
- PortfoLion new investor
Also in the round
- Day One Capital backs 22 venture-backed companies new investor
- backs 8 venture-backed companies 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
205 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $3.0M, and this round was 2.8 times the median. The closest in time, other companies' Seed rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 9 Nov 2021 | $20M | not disclosed | Time Ventures |
| Software Development Services | 30 Nov 2021 | $15M | not disclosed | GV |
| Software Development Services | 3 Nov 2021 | $9.0M | not disclosed | Aleph |
| Software Development Services | 24 Nov 2021 | $7.7M | not disclosed | Point Nine |
| Software Development Services | 16 Nov 2021 | $7.5M | not disclosed | Inspired Capital |
| Software Development Services | 19 Nov 2021 | $6.7M | not disclosed | Andreessen Horowitz |
| Software Development Services | 23 Nov 2021 | $5.6M | not disclosed | not named |
| Software Development Services | 15 Nov 2021 | $5.0M | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did FlowX.AI raise in its Seed round?
FlowX.AI raised $8.5M in its Seed round, announced in Nov 2021.
Who led FlowX.AI's Seed round?
PortfoLion led it, with Day One Capital and SeedBlink.
What was FlowX.AI's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Software Development Services?
205 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $3.0M, and this round was 2.8 times the median.
Did FlowX.AI raise again after this round?
Yes: a Series A round in May 2023 of $35M.