Funding round
Fractile Seed
Fractile, which works in AI compute system design and development in Thatcham, raised $15M in a Seed round announced on 1 Jul 2024, led by Oxford Science Enterprises, Kindred Capital and NATO Innovation Fund NIF. 5 firms took part. It is Fractile's first venture round on record.
$15M
Amount raised
Not disclosed
Post-money valuation
5
Investors
3 leads
Valuation
What this round says about the price
Fractile did not disclose a valuation in this round. It is Fractile's first venture round on record, 2 years after it was founded in 2022. It is 3.3% of the $455M Fractile has raised in the venture rounds on record. Fractile raised again 22 months later: a Series A round of $220M in May 2026.
Fractile's funding rounds
Fractile has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Oxford Science Enterprises, Kindred Capital and NATO Innovation Fund NIF led the round with 2 other firms.
Lead investors
- backs 52 venture-backed companies new investor
- backs 28 venture-backed companies new investor
- backs 20 venture-backed companies new investor
Also in the round
- backs 15 venture-backed companies new investor
- Inovia backs 120 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
2,513 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.6M, and this round was 4.1 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Jul 2024 | $82M | not disclosed | Breakthrough Energy |
| Tech Companies | 10 Jul 2024 | $16M | not disclosed | Evolution Equity Partners |
| Tech Companies | 1 Jul 2024 | $15M | not disclosed | Dragonfly |
| Tech Companies | 18 Jul 2024 | $14M | not disclosed | Javelin Venture Partners and Contour Venture Partners |
| Tech Companies | 29 Jul 2024 | $14M | not disclosed | First Round and Creandum |
| Tech Companies | 24 Jul 2024 | $12M | not disclosed | noa |
| Tech Companies | 12 Jul 2024 | $11M | not disclosed | not named |
| Tech Companies | 1 Jul 2024 | $10M | not disclosed | Zhu Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Fractile raise in its Seed round?
Fractile raised $15M in its Seed round, announced in Jul 2024.
Who led Fractile's Seed round?
Oxford Science Enterprises, Kindred Capital and NATO Innovation Fund NIF led it, with Cocoa Ventures and Inovia.
What was Fractile's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,513 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.6M, and this round was 4.1 times the median.
Did Fractile raise again after this round?
Yes: a Series A round in May 2026 of $220M.