Funding round
Mediately Series A
Mediately, which works in digital health platform development in Ljubljana, raised $8.2M in a Series A round announced on 10 Feb 2022, led by Piton Capital. 4 firms took part, 1 of them already investors, with 1 individual investor.
$8.2M
Amount raised
7,200,000 EUR converted
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Mediately did not disclose a valuation in this round. It is Mediately's first venture round on record, 10 years after it was founded in 2012. No later venture round is on record for Mediately.
Mediately's funding rounds
This is the only venture round on record for Mediately.
- Series A this round 10 Feb 2022, led by Piton Capital $8.2M
Investors
Who put money in
Piton Capital led the round with 3 other firms. Silicon Gardens had backed Mediately before.
Lead investor
- backs 17 venture-backed companies new investor
Also in the round
- backs 32 venture-backed companies new investor
- backs 12 venture-backed companies existing investor
- LAUNCHub backs 36 venture-backed companies new investor
Individual investors: various angel investors.
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
1,941 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 66% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 10 Feb 2022 | $60M | not disclosed | Andreessen Horowitz |
| Tech Companies | 7 Feb 2022 | $50M | not disclosed | Source Code Capital and GGV Capital |
| Tech Companies | 3 Feb 2022 | $45M | not disclosed | Highland Europe |
| Tech Companies | 3 Feb 2022 | $43M | not disclosed | White Star Capital and OMERS Ventures |
| Tech Companies | 22 Feb 2022 | $40M | not disclosed | Tiger Global |
| Tech Companies | 1 Feb 2022 | $36M | not disclosed | Graphene Ventures |
| Tech Companies | 1 Feb 2022 | $35M | not disclosed | Sequoia Capital |
| Tech Companies | 1 Feb 2022 | $30M | not disclosed | Union Square Ventures and Multicoin Capital |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Mediately raise in its Series A round?
Mediately raised $8.2M in its Series A round, announced in Feb 2022.
Who led Mediately's Series A round?
Piton Capital led it, with VentureFriends, Silicon Gardens and LAUNCHub.
What was Mediately's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,941 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $13M, and this round was 66% of the median.