Funding round
Lightmatter Series A
Lightmatter, which works in photonic computing solutions development in Mountain View, raised $22M in a Series A round announced on 25 Feb 2019, led by GV. 3 firms took part. It is Lightmatter's first venture round on record.
$22M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Lightmatter did not disclose a valuation in this round. It is Lightmatter's first venture round on record, 2 years after it was founded in 2017. It is 3.3% of the $657M Lightmatter has raised in the venture rounds on record. Lightmatter raised again 27 months later: a Series B round of $80M in May 2021. Its next priced round, a Series C in Dec 2023, valued it at $1.20B.
Lightmatter's funding rounds
Lightmatter has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
GV led the round with 2 other firms.
Lead investor
- GV backs 428 venture-backed companies new investor
Also in the round
- Matrix backs 129 venture-backed companies new investor
- Spark Capital backs 234 venture-backed companies new investor
Joined the board: Tyson Clark (GV).
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
23 Series A rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $13M, and this round was 1.8 times the median. The closest in time, other companies' Series A rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 13 Feb 2019 | $13M | not disclosed | Egis Technology Inc. |
| Electronical Components Manufacturing | 7 Mar 2019 | $17M | not disclosed | Parkwalk |
| Electronical Components Manufacturing | 16 Jan 2019 | $14M | not disclosed | Boeing HorizonX Ventures |
| Electronical Components Manufacturing | 23 Jan 2019 | $8.2M | not disclosed | Anzu Partners |
| Electronical Components Manufacturing | 14 Mar 2019 | $5.9M | not disclosed | Pangaea Ventures and Silicon Catalyst |
| Electronical Components Manufacturing | 1 Apr 2019 | $20M | not disclosed | Intel Capital |
| Electronical Components Manufacturing | 4 Dec 2018 | $10M | not disclosed | SquareOne and Shenzhen Capital Group |
| Electronical Components Manufacturing | 1 Apr 2019 | $6.0M | not disclosed | Stata Venture Partners |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Lightmatter raise in its Series A round?
Lightmatter raised $22M in its Series A round, announced in Feb 2019.
Who led Lightmatter's Series A round?
GV led it, with Matrix and Spark Capital.
What was Lightmatter's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Electronical Components Manufacturing?
23 Series A rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $13M, and this round was 1.8 times the median.
Did Lightmatter raise again after this round?
Yes: a Series B round in May 2021 of $80M.