Funding round
Kitt Series A
Kitt, which works in managed office space leasing in London, raised $8.2M in a Series A round announced on 15 Dec 2021, led by Hoxton Ventures. 5 firms took part. It is Kitt's second venture round on record; the one before was a Seed in May 2021.
$8.2M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Kitt did not disclose a valuation in this round. It came 7 months after Kitt's Seed. It is 62% of the $13M Kitt has raised in the venture rounds on record. No later venture round is on record for Kitt.
Kitt's funding rounds
Kitt has 2 venture rounds on record. This one is highlighted.
- Seed 28 May 2021, led by Barclay Ventures $5.0M
- Series A this round 15 Dec 2021, led by Hoxton Ventures $8.2M
Investors
Who put money in
Hoxton Ventures led the round with 4 other firms.
Lead investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Also in the round
- backs 7 venture-backed companies new investor
- Squarefoot new investor
- backs 20 venture-backed companies
- backs 4 venture-backed companies
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
The closest in time: 1 in Office Spaces, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Office Spaces | 1 Jul 2021 | $6.0M | not disclosed | Cadonau Investimentos and Astella |
| Forterra Aerospace and Defence | 9 Dec 2021 | $228M | not disclosed | SoftBank Vision Fund and Enlightenment Capital |
| Banks & ATMs | 2 Dec 2021 | $218M | $1.87B | not named |
| Batteries | 14 Dec 2021 | $140M | $630M | SDIC |
| Shipping Couriers | 21 Dec 2021 | $125M | $1.00B | General Catalyst |
| Health Care Services | 8 Dec 2021 | $110M | not disclosed | Rose Park Advisors and Arbor Ventures |
| Pharmaceutical Products | 7 Dec 2021 | $86M | not disclosed | PICC PE and China Life |
| Biotechnology | 2 Dec 2021 | $80M | not disclosed | New Enterprise Associates and Monograph Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Kitt raise in its Series A round?
Kitt raised $8.2M in its Series A round, announced in Dec 2021.
Who led Kitt's Series A round?
Hoxton Ventures led it, with Octopus Group, Squarefoot, Octopus Investments and Unwritten Capital.
What was Kitt's valuation at the Series A round?
It was not disclosed.