Funding round
FlowX.AI Series A
FlowX.AI, which works in AI agent development and deployment in Bucharest, raised $35M in a Series A round announced on 22 May 2023, led by Dawn Capital. 4 firms took part. It is FlowX.AI's second venture round on record; the one before was a Seed in Nov 2021.
$35M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
FlowX.AI did not disclose a valuation in this round. It came 18 months after FlowX.AI's Seed. It is 80% of the $44M FlowX.AI has raised in the venture rounds on record. No later venture round is on record for FlowX.AI.
FlowX.AI's funding rounds
FlowX.AI has 2 venture rounds on record. This one is highlighted.
- Seed 9 Nov 2021, led by PortfoLion $8.5M
- Series A this round 22 May 2023, led by Dawn Capital $35M
Investors
Who put money in
Dawn Capital led the round with 3 other firms.
Lead investor
- backs 46 venture-backed companies new investor
Also in the round
- Portfolion new investor
- backs 8 venture-backed companies new investor
- DayOne Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
114 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $12M, and this round was 2.9 times the median. The closest in time, other companies' Series A rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 11 May 2023 | $71M | not disclosed | Crosspoint Capital |
| Software Development Services | 23 May 2023 | $7.0M | not disclosed | Marathon Venture Capital |
| Software Development Services | 1 May 2023 | $3.3M | not disclosed | not named |
| Software Development Services | 18 Apr 2023 | $33M | not disclosed | Left Lane Capital |
| Software Development Services | 15 Jun 2023 | $15M | not disclosed | US Venture Partners and Foundation Capital |
| Software Development Services | 12 Jun 2023 | $13M | not disclosed | New Enterprise Associates |
| Software Development Services | 12 Apr 2023 | $4.4M | not disclosed | CDP Venture Capital |
| Software Development Services | 11 Apr 2023 | $3.0M | not disclosed | Boulder Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did FlowX.AI raise in its Series A round?
FlowX.AI raised $35M in its Series A round, announced in May 2023.
Who led FlowX.AI's Series A round?
Dawn Capital led it, with Portfolion, SeedBlink and DayOne Capital.
What was FlowX.AI's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Software Development Services?
114 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $12M, and this round was 2.9 times the median.