Funding round
Moglix Series A
Moglix, which works in industrial products retail and distribution in Singapore, raised $4.2M in a Series A round announced on 4 Oct 2016, led by Accel. 3 firms took part, 2 of them already investors. It is Moglix's first venture round on record.
$4.2M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Moglix did not disclose a valuation in this round. It is Moglix's first venture round on record, 1 year after it was founded in 2015. It is under 1% of the $469M Moglix has raised in the venture rounds on record. Moglix raised again 9 months later: a Series B round of $12M in Jul 2017. Its next priced round, a Series E in May 2021, valued it at $1.00B.
Moglix's funding rounds
Moglix has 6 venture rounds on record. This one is highlighted.
- Series A this round 4 Oct 2016, led by Accel $4.2M
- Series B 6 Jul 2017, led by International Finance Corporation $12M
- Series C 18 Dec 2018, led by Accel, Jungle Ventures and International Finance Corporation $23M
- Series D 11 Jul 2019, led by Tiger Global $60M
- Series E 16 May 2021, led by Falcon Edge Capital and Harvard Management Company $120M$1.00B post-money
- Series F 28 Jan 2022, led by Tiger Global and Alpha Wave Global $250M$2.60B post-money
Investors
Who put money in
Accel led the round with 2 other firms. Accel and Jungle Ventures had backed Moglix before.
Lead investor
- Accel backs 581 venture-backed companies existing investor
Also in the round
- Jungle Ventures existing investor
- backs 8 venture-backed companies new investor
Joined the board: Anurag Srivastava (Jungle Ventures).
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
12 Series A rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $4.8M, and this round was close to the median. The closest in time, other companies' Series A rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 5 Sep 2016 | $10M | not disclosed | SBI Investment |
| Industrial Machinery & Supplies | 19 Sep 2016 | $5.0M | not disclosed | Evok Innovations and BDC Capital |
| Industrial Machinery & Supplies | 1 Sep 2016 | undisclosed | not disclosed | not named |
| Industrial Machinery & Supplies | 13 Jul 2016 | $3.0M | not disclosed | Ritchie Bros. |
| Industrial Machinery & Supplies | 1 Jan 2017 | $1.3M | not disclosed | not named |
| Industrial Machinery & Supplies | 11 Jan 2017 | $1.0M | not disclosed | VentureSouth |
| Industrial Machinery & Supplies | 28 Mar 2017 | $8.0M | not disclosed | Playground |
| Industrial Machinery & Supplies | 15 May 2016 | $4.5M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Moglix raise in its Series A round?
Moglix raised $4.2M in its Series A round, announced in Oct 2016.
Who led Moglix's Series A round?
Accel led it, with Jungle Ventures and SeedPlus.
What was Moglix's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Industrial Machinery & Supplies?
12 Series A rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $4.8M, and this round was close to the median.
Did Moglix raise again after this round?
Yes: a Series B round in Jul 2017 of $12M.