Funding round
Machinations Series A
Machinations, which works in digital twin modeling solutions in Mamer, raised $3.3M in a Series A round announced on 25 May 2022, led by Hiro Capital. 4 firms took part.
$3.3M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Machinations did not disclose a valuation in this round. It is Machinations' first venture round on record, 4 years after it was founded in 2018. No later venture round is on record for Machinations.
Machinations' funding rounds
This is the only venture round on record for Machinations.
- Series A this round 25 May 2022, led by Hiro Capital $3.3M
Investors
Who put money in
Hiro Capital led the round with 3 other firms.
Lead investor
- Hiro Capital new investor
Also in the round
- Acequia Capital new investor
- backs 42 venture-backed companies new investor
- GapMinder backs 21 venture-backed companies new investor
Joined the board: Cherry Freeman (Hiro Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, scaling operations and working capital.
- Hiring
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,894 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 26% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 May 2022 | $70M | not disclosed | Sutter Hill Ventures and Capital One Ventures |
| Tech Companies | 24 May 2022 | $43M | not disclosed | Next47 |
| Tech Companies | 4 May 2022 | $42M | not disclosed | Molten Ventures |
| Tech Companies | 11 May 2022 | $40M | $215M | not named |
| Tech Companies | 12 May 2022 | $31M | not disclosed | Redpoint Ventures |
| Tech Companies | 3 May 2022 | $30M | not disclosed | Andreessen Horowitz |
| Tech Companies | 18 May 2022 | $30M | not disclosed | Ince Capital |
| Tech Companies | 25 May 2022 | $30M | $100M | WeWork |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Machinations raise in its Series A round?
Machinations raised $3.3M in its Series A round, announced in May 2022.
Who led Machinations' Series A round?
Hiro Capital led it, with Acequia Capital, Venrex and GapMinder.
What was Machinations' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,894 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 26% of the median.