Funding round
LeafLink Series A
LeafLink, which works in cannabis commerce platform development in Denver, raised $10M in a Series A round announced on 20 Nov 2017, led by Nosara Capital. 7 firms took part. It is LeafLink's second venture round on record; the one before was a Seed in Apr 2017.
$10M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
LeafLink did not disclose a valuation in this round. It came 7 months after LeafLink's Seed. It is 5.3% of the $188M LeafLink has raised in the venture rounds on record. LeafLink raised again 21 months later: a Series B round of $35M in Aug 2019. Its next priced round, a Series C in Dec 2020, valued it at $376M.
LeafLink's funding rounds
LeafLink has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 3 Apr 2017, led by Lerer Hippeau $3.0M
- Series A this round 20 Nov 2017, led by Nosara Capital $10M
- Series B 7 Aug 2019, led by Thrive Capital $35M
- Debt not a venture round 22 Jul 2020 $250M
- Series C 10 Dec 2020, led by Founders Fund $40M$376M post-money
- Series D 1 Feb 2023, led by CPMG, L2V and Nosara Capital $100M$500M post-money
Investors
Who put money in
Nosara Capital led the round with 6 other firms.
Lead investor
- backs 7 venture-backed companies new investor
Also in the round
- backs 153 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- Brand New Matter 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
5 Series A rounds in Decorators & Interior Designers within a year either side disclosed an amount; the median was $4.5M, and this round was 2.2 times the median. The closest in time, other companies' Series A rounds in Decorators & Interior Designers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Decorators & Interior Designers | 30 Jan 2018 | $50M | not disclosed | Accel |
| Decorators & Interior Designers | 29 Mar 2018 | $4.5M | not disclosed | not named |
| Decorators & Interior Designers | 1 Aug 2018 | $25M | not disclosed | GF Qianhe and GF Xinde |
| Decorators & Interior Designers | 20 Nov 2018 | $3.6M | not disclosed | Stellaris Venture Partners and Kalaari Capital |
| Decorators & Interior Designers | 26 Nov 2018 | $3.0M | not disclosed | IDFC Parampara Fund |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did LeafLink raise in its Series A round?
LeafLink raised $10M in its Series A round, announced in Nov 2017.
Who led LeafLink's Series A round?
Nosara Capital led it, with Lerer Hippeau, Casa Verde, Wisdom, Phyto Partners and TIA Ventures and 1 more.
What was LeafLink's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Decorators & Interior Designers?
5 Series A rounds in Decorators & Interior Designers within a year either side disclosed an amount; the median was $4.5M, and this round was 2.2 times the median.
Did LeafLink raise again after this round?
Yes: a Series B round in Aug 2019 of $35M.