Funding round
Kubeark Pre-seed
Kubeark, which works in AI-Powered integration platform development in Manhasset, raised $2.8M in a Pre-seed round announced on 1 Feb 2023, led by Credo Ventures. 4 firms took part.
$2.8M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Kubeark did not disclose a valuation in this round. It is Kubeark's first venture round on record, 1 year after it was founded in 2022. No later venture round is on record for Kubeark.
Kubeark's funding rounds
This is the only venture round on record for Kubeark.
- Pre-seed this round 1 Feb 2023, led by Credo Ventures $2.8M
Investors
Who put money in
Credo Ventures led the round with 3 other firms.
Lead investor
- backs 37 venture-backed companies new investor
Also in the round
- Seedcamp new investor
- LAUNCHub backs 36 venture-backed companies new investor
- 500 Emerging Europe new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
555 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.5M, and this round was 1.9 times the median. The closest in time, other companies' Pre-seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Feb 2023 | $5.0M | not disclosed | Speedinvest and RAED Ventures |
| Tech Companies | 2 Feb 2023 | $4.6M | not disclosed | Nexus Venture Partners |
| Tech Companies | 9 Feb 2023 | $4.5M | not disclosed | DFF Ventures and ff Venture Capital |
| Tech Companies | 20 Feb 2023 | $4.3M | not disclosed | Breega and Samaipata |
| Tech Companies | 23 Feb 2023 | $2.1M | not disclosed | not named |
| Tech Companies | 6 Feb 2023 | $1.5M | not disclosed | Picus Capital and Saison Capital |
| Tech Companies | 14 Feb 2023 | $1.5M | not disclosed | Fiedler Capital |
| Tech Companies | 2 Feb 2023 | $1.5M | not disclosed | Squadra Ventures and quadra Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Kubeark raise in its Pre-seed round?
Kubeark raised $2.8M in its Pre-seed round, announced in Feb 2023.
Who led Kubeark's Pre-seed round?
Credo Ventures led it, with Seedcamp, LAUNCHub and 500 Emerging Europe.
What was Kubeark's valuation at the Pre-seed round?
It was not disclosed.
How does it compare with other Pre-seed rounds in Tech Companies?
555 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.5M, and this round was 1.9 times the median.