Funding round
Malted AI Seed
Malted AI, which works in financial intelligence solutions development in City of Edinburgh, raised $7.6M in a Seed round announced on 15 May 2024, led by Hoxton Ventures. 2 firms took part.
$7.6M
Amount raised
6,000,000 GBP converted
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Malted AI did not disclose a valuation in this round. It is Malted AI's first venture round on record, 1 year after it was founded in 2023. No later venture round is on record for Malted AI.
Malted AI's funding rounds
This is the only venture round on record for Malted AI.
- Seed this round 15 May 2024, led by Hoxton Ventures $7.6M
Investors
Who put money in
Hoxton Ventures led the round with 1 other firm.
Lead investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Also in the round
- backs 19 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
266 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $3.7M, and this round was 2.0 times the median. The closest in time, other companies' Seed rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 21 May 2024 | $220M | not disclosed | not named |
| Software Development Services | 22 May 2024 | $11M | not disclosed | Elevation Capital |
| Software Development Services | 1 May 2024 | $9.0M | not disclosed | not named |
| Software Development Services | 9 May 2024 | $8.0M | not disclosed | Maverick Ventures Israel |
| Software Development Services | 14 May 2024 | $8.0M | not disclosed | not named |
| Software Development Services | 23 May 2024 | $5.0M | not disclosed | Powerhouse and Active Impact Investments |
| Software Development Services | 2 May 2024 | $5.0M | not disclosed | Connect Ventures |
| Software Development Services | 13 May 2024 | $3.5M | not disclosed | Draper Associates |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Malted AI raise in its Seed round?
Malted AI raised $7.6M in its Seed round, announced in May 2024.
Who led Malted AI's Seed round?
Hoxton Ventures led it, with The Creator Fund.
What was Malted AI's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Software Development Services?
266 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $3.7M, and this round was 2.0 times the median.