Funding round
Fluent Seed
Fluent, which works in automated client reporting platform development in London, raised $7.5M in a Seed round announced on 6 Mar 2024, led by Hoxton Ventures and Tiferes Ventures. 2 firms took part.
$7.5M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Fluent did not disclose a valuation in this round. It is Fluent's first venture round on record, 3 years after it was founded in 2021. No later venture round is on record for Fluent.
Fluent's funding rounds
This is the only venture round on record for Fluent.
- Seed this round 6 Mar 2024, led by Hoxton Ventures and Tiferes Ventures $7.5M
Investors
Who put money in
Hoxton Ventures and Tiferes Ventures led the round.
Lead investors
- Hoxton Ventures backs 50 venture-backed companies
- Tiferes Ventures
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,438 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 2.1 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Mar 2024 | $20M | not disclosed | Index Ventures |
| Tech Companies | 27 Mar 2024 | $14M | not disclosed | not named |
| Tech Companies | 5 Mar 2024 | $14M | not disclosed | Octopus Ventures |
| Tech Companies | 27 Mar 2024 | $13M | not disclosed | UCL Technology Fund and Clean Growth Fund |
| Tech Companies | 26 Mar 2024 | $12M | not disclosed | Initialized |
| Tech Companies | 21 Mar 2024 | $12M | not disclosed | Maverick Ventures and Ten Eleven |
| Tech Companies | 26 Mar 2024 | $11M | not disclosed | Two Bear Capital |
| Tech Companies | 27 Mar 2024 | $10M | not disclosed | Castle Island Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Fluent raise in its Seed round?
Fluent raised $7.5M in its Seed round, announced in Mar 2024.
Who led Fluent's Seed round?
Hoxton Ventures and Tiferes Ventures led it.
What was Fluent's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,438 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 2.1 times the median.