Funding round
Forum Mobility Seed
Forum Mobility, which works in zero-emission freight solutions in United States, raised $7.5M in a Seed round announced on 6 Dec 2021, led by Obvious and Homecoming Capital. 4 firms took part. It is Forum Mobility's first venture round on record.
$7.5M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
Forum Mobility did not disclose a valuation in this round. It is Forum Mobility's first venture round on record, in the year it was founded (2021). It is 33% of the $23M Forum Mobility has raised in the venture rounds on record. Forum Mobility raised again 13 months later: a Series A round of $15M in Jan 2023.
Forum Mobility's funding rounds
Forum Mobility has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 6 Dec 2021, led by Obvious and Homecoming Capital $7.5M
- Other not a venture round 17 Jan 2023, led by CBRE Investment Management $400M
- Series A 17 Jan 2023, led by CBRE Investment Management $15M
Investors
Who put money in
Obvious and Homecoming Capital led the round with 2 other firms.
Lead investors
- backs 77 venture-backed companies new investor
- backs 3 venture-backed companies new investor
Also in the round
- Edison International new investor
- backs 22 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Seed rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $3.0M, and this round was 2.5 times the median. The closest in time, other companies' Seed rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automobile Dealers & Manufacturers | 10 Dec 2021 | $20M | not disclosed | not named |
| cinch Automobile Dealers & Manufacturers | 7 Jan 2022 | $3.0M | not disclosed | Lionel Partners |
| Automobile Dealers & Manufacturers | 12 Nov 2021 | $3.0M | not disclosed | Blume Ventures and Micelio Fund |
| Automobile Dealers & Manufacturers | 28 Oct 2021 | $13M | not disclosed | TLcom Capital and 4DX Ventures |
| Automobile Dealers & Manufacturers | 22 Sep 2021 | $3.0M | not disclosed | Stellaris Venture Partners and Chiratae Ventures |
| Automobile Dealers & Manufacturers | 19 Mar 2022 | $2.5M | not disclosed | Qianchuang Capital |
| Automobile Dealers & Manufacturers | 21 Jun 2022 | $5.0M | not disclosed | Vanedge Capital |
| Automobile Dealers & Manufacturers | 1 Jun 2021 | $1.1M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Forum Mobility raise in its Seed round?
Forum Mobility raised $7.5M in its Seed round, announced in Dec 2021.
Who led Forum Mobility's Seed round?
Obvious and Homecoming Capital led it, with Edison International and Overture.
What was Forum Mobility's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Automobile Dealers & Manufacturers?
10 Seed rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $3.0M, and this round was 2.5 times the median.
Did Forum Mobility raise again after this round?
Yes: a Series A round in Jan 2023 of $15M.