Funding round
KYP.ai Series A
KYP.ai, which works in process intelligence platform development in Berlin, raised $19M in a Series A round announced on 21 Sep 2023, led by OTB Ventures. 3 firms took part.
$19M
Amount raised
17,500,000 EUR converted
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
KYP.ai did not disclose a valuation in this round. It is KYP.ai's first venture round on record, 5 years after it was founded in 2018. No later venture round is on record for KYP.ai.
KYP.ai's funding rounds
This is the only venture round on record for KYP.ai.
- Series A this round 21 Sep 2023, led by OTB Ventures $19M
Investors
Who put money in
OTB Ventures led the round with 2 other firms.
Lead investor
- OTB Ventures backs 27 venture-backed companies new investor
Also in the round
- backs 38 venture-backed companies new investor
- backs 31 venture-backed companies new investor
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
1,445 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 1.8 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Conigital Tech Companies | 1 Sep 2023 | $634M | not disclosed | not named |
| Tech Companies | 6 Sep 2023 | $120M | not disclosed | 645 Ventures and 3VC |
| Tech Companies | 20 Sep 2023 | $50M | not disclosed | not named |
| Tech Companies | 19 Sep 2023 | $50M | not disclosed | M12 and Moore Strategic Ventures |
| Tech Companies | 18 Sep 2023 | $30M | not disclosed | Redpoint Ventures |
| Tech Companies | 5 Sep 2023 | $20M | not disclosed | Bright Pixel Capital |
| Tech Companies | 12 Sep 2023 | $20M | not disclosed | Galvanize |
| Tech Companies | 12 Sep 2023 | $20M | not disclosed | WestCap |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did KYP.ai raise in its Series A round?
KYP.ai raised $19M in its Series A round, announced in Sep 2023.
Who led KYP.ai's Series A round?
OTB Ventures led it, with 42CAP and Tola Capital.
What was KYP.ai's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,445 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 1.8 times the median.