Funding round
Keyring Network Seed
Keyring Network, which works in blockchain compliance solutions development in London, raised $6.0M in a Seed round announced on 19 Mar 2024, led by gumi Cryptos Capital and Greenfield Capital. 12 firms took part.
$6.0M
Amount raised
Not disclosed
Post-money valuation
12
Investors
2 leads
Valuation
What this round says about the price
Keyring Network did not disclose a valuation in this round. It is Keyring Network's first venture round on record, 2 years after it was founded in 2022. No later venture round is on record for Keyring Network.
Keyring Network's funding rounds
This is the only venture round on record for Keyring Network.
- Seed this round 19 Mar 2024, led by gumi Cryptos Capital and Greenfield Capital $6.0M
Investors
Who put money in
gumi Cryptos Capital and Greenfield Capital led the round with 10 other firms.
Lead investors
- backs 31 venture-backed companies new investor
- Greenfield Capital new investor
Also in the round
- backs 50 venture-backed companies new investor
- backs 233 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Felix Machart new investor
- Angelic Ventures new investor
- Index Ventures backs 353 venture-backed companies new investor
- LAUNCHub backs 36 venture-backed companies new investor
- QED Investors backs 160 venture-backed companies new investor
- Shima Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,438 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 1.7 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Mar 2024 | $20M | not disclosed | Index Ventures |
| Tech Companies | 27 Mar 2024 | $14M | not disclosed | not named |
| Tech Companies | 5 Mar 2024 | $14M | not disclosed | Octopus Ventures |
| Tech Companies | 27 Mar 2024 | $13M | not disclosed | UCL Technology Fund and Clean Growth Fund |
| Tech Companies | 26 Mar 2024 | $12M | not disclosed | Initialized |
| Tech Companies | 21 Mar 2024 | $12M | not disclosed | Maverick Ventures and Ten Eleven |
| Tech Companies | 26 Mar 2024 | $11M | not disclosed | Two Bear Capital |
| Tech Companies | 27 Mar 2024 | $10M | not disclosed | Castle Island Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Keyring Network raise in its Seed round?
Keyring Network raised $6.0M in its Seed round, announced in Mar 2024.
Who led Keyring Network's Seed round?
gumi Cryptos Capital and Greenfield Capital led it, with Motier Ventures, Kima Ventures, UDHC, Eberg Capital and Felix Machart and 5 more.
What was Keyring Network's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,438 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 1.7 times the median.