Funding round
Modsy Series A
Modsy, which works in 3D home visualization technology development in San Francisco, raised $8.0M in a Series A round announced on 2 Feb 2016, led by Norwest. 26 firms took part. It is Modsy's first venture round on record.
$8.0M
Amount raised
Not disclosed
Post-money valuation
26
Investors
1 lead
Valuation
What this round says about the price
Modsy did not disclose a valuation in this round. It is Modsy's first venture round on record, 1 year after it was founded in 2015. It is 12% of the $68M Modsy has raised in the venture rounds on record. Modsy raised again 22 months later: a Series B round of $23M in Dec 2017.
Investors
Who put money in
Norwest led the round with 25 other firms.
Lead investor
- Norwest backs 215 venture-backed companies new investor
Also in the round
- Restoration Hardware new investor
- Gotham Gal Ventures new investor
- backs 44 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- Balderton Capital backs 140 venture-backed companies new investor
- BoxGroup backs 175 venture-backed companies new investor
- backs 63 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- LAUNCHub backs 36 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- Lux Capital backs 194 venture-backed companies new investor
- backs 55 venture-backed companies new investor
- backs 91 venture-backed companies new investor
- Peterson Ventures new investor
- backs 33 venture-backed companies new investor
- backs 21 venture-backed companies new investor
- backs 40 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 121 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- backs 388 venture-backed companies new investor
- backs 73 venture-backed companies new investor
- tuesday capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
452 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was close to the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Feb 2016 | $45M | not disclosed | Kryssen Capital |
| Tech Companies | 1 Feb 2016 | $22M | not disclosed | Woodford Investment Management and Allied Minds |
| Tech Companies | 29 Feb 2016 | $14M | not disclosed | TVC Capital |
| Tech Companies | 17 Feb 2016 | $12M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 9 Feb 2016 | $12M | not disclosed | not named |
| Tech Companies | 10 Feb 2016 | $11M | not disclosed | Lux Capital |
| Tech Companies | 11 Feb 2016 | $10M | not disclosed | Tencent and Felicis |
| Tech Companies | 3 Feb 2016 | $9.5M | not disclosed | Concur and Shiji Ltd |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Modsy raise in its Series A round?
Modsy raised $8.0M in its Series A round, announced in Feb 2016.
Who led Modsy's Series A round?
Norwest led it, with Restoration Hardware, Gotham Gal Ventures, Dolby Family Ventures, Alsop Louie Partners and Balderton Capital and 20 more.
What was Modsy's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
452 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was close to the median.
Did Modsy raise again after this round?
Yes: a Series B round in Dec 2017 of $23M.