Funding round
Frisbo Seed
Frisbo, which works in e-commerce fulfillment network services in Vulcan, raised $2.0M in a Seed round announced on 31 Dec 2021, led by Eleven. 4 firms took part.
$2.0M
Amount raised
1,800,000 EUR converted
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Frisbo did not disclose a valuation in this round. It is Frisbo's first venture round on record, 7 years after it was founded in 2014. No later venture round is on record for Frisbo.
Frisbo's funding rounds
This is the only venture round on record for Frisbo.
- Other not a venture round 1 Nov 2019 $1.2M$6.7M post-money
- Seed this round 31 Dec 2021, led by Eleven $2.0M
Investors
Who put money in
Eleven led the round with 3 other firms.
Lead investor
- backs 24 venture-backed companies new investor
Also in the round
- GapMinder backs 21 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- Neogen 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
9 Seed rounds in Warehousing & Storage within a year either side disclosed an amount; the median was $4.5M, and this round was 45% of the median. The closest in time, other companies' Seed rounds in Warehousing & Storage:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Warehousing & Storage | 3 Nov 2021 | $4.5M | not disclosed | not named |
| Warehousing & Storage | 22 Nov 2021 | $4.0M | not disclosed | SV Latam Capital |
| Warehousing & Storage | 18 Nov 2021 | $850K | not disclosed | not named |
| Warehousing & Storage | 25 Feb 2022 | $8.4M | not disclosed | Flashpoint |
| Warehousing & Storage | 25 Oct 2021 | $1.2M | $8.50B | not named |
| Warehousing & Storage | 5 Jul 2021 | $4.9M | not disclosed | Sequoia Capital India’s Surge |
| Warehousing & Storage | 3 Jun 2022 | $7.5M | not disclosed | not named |
| Warehousing & Storage | 28 Jun 2022 | $4.5M | not disclosed | East Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Frisbo raise in its Seed round?
Frisbo raised $2.0M in its Seed round, announced in Dec 2021.
Who led Frisbo's Seed round?
Eleven led it, with GapMinder, RocaX and Neogen.
What was Frisbo's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Warehousing & Storage?
9 Seed rounds in Warehousing & Storage within a year either side disclosed an amount; the median was $4.5M, and this round was 45% of the median.