Funding round
Metropolis Seed
Metropolis, which works in AI-Driven parking solutions in Chicago, raised $18M in a Seed round announced on 26 Jun 2019, led by Zigg Capital. 3 firms took part. It is Metropolis' first venture round on record.
$18M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Metropolis did not disclose a valuation in this round. It is Metropolis' first venture round on record, 2 years after it was founded in 2017. It is under 1% of the $2.43B Metropolis has raised in the venture rounds on record. Metropolis raised again 20 months later: a Series A round of $41M in Feb 2021. Its next priced round, a Series D in Nov 2025, valued it at $5.00B.
Metropolis' funding rounds
Metropolis has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 26 Jun 2019, led by Zigg Capital $18M
- Series A 16 Feb 2021, led by 3L Growth Equity $41M
- Series B 15 Jun 2022, led by 3L Growth Equity and Assembly Ventures $167M
- Series C 5 Oct 2023, led by Eldridge Capital and 3L Growth Equity $1.70B
- Debt not a venture round 6 Nov 2025 $1.10B
- Series D 6 Nov 2025, led by LionTree $500M$5.00B post-money
Investors
Who put money in
Zigg Capital led the round with 2 other firms.
Lead investor
- backs 33 venture-backed companies new investor
Also in the round
- RXR Realty new investor
- backs 133 venture-backed companies new investor
Comparable rounds
How it compares
891 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 7.0 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ramp Tech Companies | 28 Jun 2019 | $8.0M | not disclosed | not named |
| Tech Companies | 13 Jun 2019 | $7.0M | not disclosed | ANSYS and Chris Urmson |
| Tech Companies | 13 Jun 2019 | $7.0M | not disclosed | The Westly Group |
| Tech Companies | 27 Jun 2019 | $6.5M | not disclosed | not named |
| Orca Security Tech Companies | 12 Jun 2019 | $6.5M | not disclosed | YL Ventures |
| Tech Companies | 12 Jun 2019 | $6.0M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 11 Jun 2019 | $5.8M | not disclosed | Y Combinator and BECO Capital |
| Tech Companies | 12 Jun 2019 | $5.3M | not disclosed | Innovation Endeavors and Sherpalo Ventures |
Questions
Frequently asked
How much did Metropolis raise in its Seed round?
Metropolis raised $18M in its Seed round, announced in Jun 2019.
Who led Metropolis' Seed round?
Zigg Capital led it, with RXR Realty and Slow Ventures.
What was Metropolis' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
891 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.5M, and this round was 7.0 times the median.
Did Metropolis raise again after this round?
Yes: a Series A round in Feb 2021 of $41M.