Funding round
Fundbox Series A
Fundbox, which works in embedded working capital solutions in Plano, raised $18M in a Series A round announced on 10 Apr 2014, led by Khosla Ventures. 2 firms took part. It is Fundbox's first venture round on record.
$18M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Fundbox did not disclose a valuation in this round. It is Fundbox's first venture round on record, 1 year after it was founded in 2013. It is 4.6% of the $384M Fundbox has raised in the venture rounds on record. Fundbox raised again 11 months later: a Series B round of $40M in Mar 2015. Its next priced round, a Series D in Nov 2021, valued it at $1.10B.
Fundbox's funding rounds
Fundbox has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 10 Apr 2014, led by Khosla Ventures $18M
- Series B 19 Mar 2015, led by General Catalyst $40M
- Growth 10 Sep 2015, led by Spark Capital $50M
- Series C 24 Sep 2019, led by Allianz X, Healthcare of Ontario Pension Plan and HarbourVest $176M
- Debt not a venture round 25 Sep 2019 $150M
- Series D 30 Nov 2021, led by Healthcare of Ontario Pension Plan (HOOPP) $100M$1.10B post-money
Investors
Who put money in
Khosla Ventures led the round with 1 other firm.
Lead investor
- Khosla Ventures backs 396 venture-backed companies new investor
Also in the round
- SV Angel backs 293 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $12M, and this round was 1.5 times the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 12 Nov 2013 | $14M | not disclosed | GV |
| Loans & Financing | 19 Nov 2013 | $13M | not disclosed | TTV Capital and Inter-Atlantic Group |
| Loans & Financing | 1 May 2013 | $9.0M | not disclosed | not named |
| Loans & Financing | 18 Apr 2013 | $12M | not disclosed | Andreessen Horowitz |
| Loans & Financing | 8 Apr 2015 | $8.3M | not disclosed | Trinity Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Fundbox raise in its Series A round?
Fundbox raised $18M in its Series A round, announced in Apr 2014.
Who led Fundbox's Series A round?
Khosla Ventures led it, with SV Angel.
What was Fundbox's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
5 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $12M, and this round was 1.5 times the median.
Did Fundbox raise again after this round?
Yes: a Series B round in Mar 2015 of $40M.