Funding round
Graphext Seed
Graphext, which works in data exploration platform development in Madrid, raised $4.6M in a Seed round announced on 13 Jun 2023, led by Hoxton Ventures. 3 firms took part.
$4.6M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Graphext did not disclose a valuation in this round. It is Graphext's first venture round on record, 4 years after it was founded in 2019. No later venture round is on record for Graphext.
Graphext's funding rounds
This is the only venture round on record for Graphext.
- Seed this round 13 Jun 2023, led by Hoxton Ventures $4.6M
Investors
Who put money in
Hoxton Ventures led the round with 2 other firms.
Lead investor
- Hoxton Ventures backs 50 venture-backed companies
Also in the round
- backs 7 venture-backed companies
- Trajectory Ventures
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
2,404 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 1.3 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Jun 2023 | $35M | not disclosed | LocalGlobe and Concentric |
| Tech Companies | 13 Jun 2023 | $25M | not disclosed | Greylock Partners and TPY Capital |
| Tech Companies | 1 Jun 2023 | $25M | not disclosed | Mayfield |
| Tech Companies | 7 Jun 2023 | $20M | not disclosed | Bain Capital Ventures |
| Tech Companies | 6 Jun 2023 | $17M | not disclosed | not named |
| Tech Companies | 21 Jun 2023 | $16M | not disclosed | Madrona and SpringRock Ventures |
| Tech Companies | 15 Jun 2023 | $14M | not disclosed | Alpha Wave Global |
| Tech Companies | 21 Jun 2023 | $12M | not disclosed | Eclipse |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Graphext raise in its Seed round?
Graphext raised $4.6M in its Seed round, announced in Jun 2023.
Who led Graphext's Seed round?
Hoxton Ventures led it, with SaxeCap and Trajectory Ventures.
What was Graphext's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,404 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 1.3 times the median.