Funding round
Kitt Seed
Kitt, which works in managed office space leasing in London, raised $5.0M in a Seed round announced on 28 May 2021, led by Barclay Ventures. 1 firm took part. It is Kitt's first venture round on record.
$5.0M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Kitt did not disclose a valuation in this round. It is Kitt's first venture round on record, 3 years after it was founded in 2018. It is 38% of the $13M Kitt has raised in the venture rounds on record. Kitt raised again 7 months later: a Series A round of $8.2M in Dec 2021.
Kitt's funding rounds
Kitt has 2 venture rounds on record. This one is highlighted.
- Seed this round 28 May 2021, led by Barclay Ventures $5.0M
- Series A 15 Dec 2021, led by Hoxton Ventures $8.2M
Investors
Who put money in
Barclay Ventures led the round.
Lead investor
- Barclay Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Office Spaces, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Office Spaces | 2 Feb 2021 | $241K | not disclosed | not named |
| Office Spaces | 18 Nov 2021 | $3.0M | not disclosed | Y Combinator |
| Tech Companies | 25 May 2021 | $63M | not disclosed | not named |
| Biotechnology | 20 May 2021 | $20M | not disclosed | Broadview Ventures |
| Biotechnology | 25 May 2021 | $18M | not disclosed | Vivo Capital |
| Biotechnology | 10 May 2021 | $17M | not disclosed | SV Health Investors and MRL Ventures Fund |
| Colossal Biotechnology | 1 May 2021 | $15M | not disclosed | Thomas Tull |
| Tech Companies | 6 May 2021 | $11M | not disclosed | Earlybird and Senovo |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Kitt raise in its Seed round?
Kitt raised $5.0M in its Seed round, announced in May 2021.
Who led Kitt's Seed round?
Barclay Ventures led it.
What was Kitt's valuation at the Seed round?
It was not disclosed.
Did Kitt raise again after this round?
Yes: a Series A round in Dec 2021 of $8.2M.