Funding round
Fluent.ai Seed
Fluent.ai, which works in speech recognition software development in Montreal, raised $1.3M in a Seed round announced on 11 May 2017. 4 firms took part. It is Fluent.ai's first venture round on record.
$1.3M
Amount raised
1,800,000 CAD converted
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Fluent.ai did not disclose a valuation in this round. It is Fluent.ai's first venture round on record, 2 years after it was founded in 2015. It is 15% of the $8.8M Fluent.ai has raised in the venture rounds on record. Fluent.ai raised again 82 months later: a Seed round of $7.5M in Mar 2024.
Fluent.ai's funding rounds
Fluent.ai has 2 venture rounds on record. This one is highlighted.
- Seed this round 11 May 2017 $1.3M
- Seed 6 Mar 2024, led by Hoxton Ventures and Tiferes Ventures $7.5M
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- BDC Capital new investor
- Danhua Capital new investor
- Creative Destruction Lab new investor
- backs 9 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
574 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.8M, and this round was 73% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 9 May 2017 | $12M | not disclosed | LiveOak |
| Tech Companies | 18 May 2017 | $8.0M | not disclosed | SoftBank Capital |
| Tech Companies | 24 May 2017 | $7.5M | not disclosed | DHVC (Danhua Capital) and Innovation Endeavors |
| Tech Companies | 1 May 2017 | $5.0M | not disclosed | not named |
| Tech Companies | 15 May 2017 | $3.5M | not disclosed | CRCM Ventures and R7 Partners |
| Tech Companies | 16 May 2017 | $3.5M | not disclosed | Blumberg Capital |
| Tech Companies | 30 May 2017 | $3.3M | not disclosed | not named |
| Tech Companies | 15 May 2017 | $3.0M | not disclosed | Crosslink Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Fluent.ai raise in its Seed round?
Fluent.ai raised $1.3M in its Seed round, announced in May 2017.
Which investors took part in Fluent.ai's Seed round?
BDC Capital, Danhua Capital, Creative Destruction Lab and Maple Leaf Angels.
What was Fluent.ai's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
574 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.8M, and this round was 73% of the median.
Did Fluent.ai raise again after this round?
Yes: a Seed round in Mar 2024 of $7.5M.