Funding round
Lilac Seed
Lilac, which works in lithium extraction technology licensing in Oakland, raised $800K in a Seed round announced on 16 Jan 2018. It is Lilac's first venture round on record.
$800K
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Lilac did not disclose a valuation in this round. It is Lilac's first venture round on record, 2 years after it was founded in 2016. It is under 1% of the $350M Lilac has raised in the venture rounds on record. Lilac raised again 25 months later: a Series A round of $20M in Feb 2020. Its next priced round, a Series B in Sep 2021, valued it at $554M.
Lilac's funding rounds
Lilac has 5 venture rounds on record and 3 other deals. This one is highlighted.
- Grant not a venture round 21 Feb 2017 $150K
- Seed this round 16 Jan 2018 $800K
- Other not a venture round 15 Jan 2019, led by Prime Impact Fund and Tribeca Early Stage Partners $2.5M$18M post-money
- Series A 20 Feb 2020, led by Breakthrough Energy $20M
- Series B 22 Sep 2021, led by Lowercarbon Capital and T. Rowe Price $150M$554M post-money
- Series C 12 Feb 2024, led by Mercuria, Lowercarbon Capital and Breakthrough Energy $145M
- Series D 30 Jun 2026 $34M
- Grant not a venture round 20 Aug 2026 $100M
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
7 Seed rounds in Chemicals within a year either side disclosed an amount; the median was $1.3M, and this round was 64% of the median. The closest in time, other companies' Seed rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 1 Jan 2018 | undisclosed | not disclosed | not named |
| Solugen Chemicals | 24 Oct 2017 | $4.4M | not disclosed | Social Capital |
| Chemicals | 4 Apr 2017 | $1.3M | not disclosed | not named |
| Chemicals | 20 Nov 2018 | $1.3M | not disclosed | Collective Spark and Wamda Capital |
| Chemicals | 7 Mar 2017 | $800K | not disclosed | Rhapsody Venture Partners |
| Chemicals | 18 Dec 2018 | $1.1M | not disclosed | not named |
| Chemicals | 1 Jan 2019 | $4.0M | not disclosed | not named |
| Chemicals | 1 Jan 2019 | $636K | not disclosed | Techstart Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Lilac raise in its Seed round?
Lilac raised $800K in its Seed round, announced in Jan 2018.
What was Lilac's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Chemicals?
7 Seed rounds in Chemicals within a year either side disclosed an amount; the median was $1.3M, and this round was 64% of the median.
Did Lilac raise again after this round?
Yes: a Series A round in Feb 2020 of $20M.