Funding round
Miros Pre-seed
Miros, which works in AI-Powered ecommerce search solutions in Tallinn, raised $6.5M in a Pre-seed round announced on 6 Nov 2024, led by EBRD VC and Tera Ventures. 8 firms took part, 1 of them already investors. It is Miros' second venture round on record; the one before was a Pre-seed in Dec 2022.
$6.5M
Amount raised
6,000,000 EUR converted
Not disclosed
Post-money valuation
8
Investors
2 leads
Valuation
What this round says about the price
Miros did not disclose a valuation in this round. It came 23 months after Miros' Pre-seed. It is 43% of the $15M Miros has raised in the venture rounds on record. Miros raised again: a Series A round of $6.5M in Nov 2024.
Investors
Who put money in
EBRD VC and Tera Ventures led the round with 6 other firms. Day One Capital had backed Miros before.
Lead investors
- backs 10 venture-backed companies new investor
- backs 14 venture-backed companies new investor
Also in the round
- Day One Capital backs 22 venture-backed companies existing investor
- backs 6 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- backs 23 venture-backed companies new investor
- backs 14 venture-backed companies new investor
- backs 8 venture-backed companies new investor
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
131 Pre-seed rounds in Software Development Services within a year either side disclosed an amount; the median was $1.8M, and this round was 3.7 times the median. The closest in time, other companies' Pre-seed rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 19 Nov 2024 | $2.7M | not disclosed | 2048 Ventures |
| Software Development Services | 11 Nov 2024 | $2.3M | not disclosed | Concept Ventures |
| Software Development Services | 21 Nov 2024 | $2.2M | not disclosed | NextView Ventures and NVP Capital |
| Software Development Services | 1 Nov 2024 | $2.0M | not disclosed | not named |
| Software Development Services | 22 Nov 2024 | $1.6M | not disclosed | Dreamcraft |
| Software Development Services | 8 Nov 2024 | undisclosed | not disclosed | Branded Hospitality |
| Software Development Services | 30 Nov 2024 | undisclosed | not disclosed | Springcamp |
| Software Development Services | 18 Dec 2024 | $6.0M | not disclosed | Spartan Group and Symbolic Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Miros raise in its Pre-seed round?
Miros raised $6.5M in its Pre-seed round, announced in Nov 2024.
Who led Miros' Pre-seed round?
EBRD VC and Tera Ventures led it, with Day One Capital, Metis Ventures, Specialist VC, ZAKA VC and BADideas.fund and 1 more.
What was Miros' valuation at the Pre-seed round?
It was not disclosed.
How does it compare with other Pre-seed rounds in Software Development Services?
131 Pre-seed rounds in Software Development Services within a year either side disclosed an amount; the median was $1.8M, and this round was 3.7 times the median.
Did Miros raise again after this round?
Yes: a Series A round in Nov 2024 of $6.5M.