Funding round
Morgan Records Management Seed
Morgan Records Management, which works in medical records custodianship services in Nashua, raised $6.0M in a Seed round announced on 7 Oct 2022, led by LAUNCHub and Inovo Venture Partners. 2 firms took part.
$6.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Morgan Records Management did not disclose a valuation in this round. It is Morgan Records Management's first venture round on record, 13 years after it was founded in 2009. No later venture round is on record for Morgan Records Management.
Morgan Records Management's funding rounds
This is the only venture round on record for Morgan Records Management.
- Seed this round 7 Oct 2022, led by LAUNCHub and Inovo Venture Partners $6.0M
Investors
Who put money in
LAUNCHub and Inovo Venture Partners led the round.
Lead investors
- LAUNCHub backs 36 venture-backed companies new investor
- Inovo Venture Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, scaling operations and working capital.
- Hiring
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 20 Oct 2022 | $350M | not disclosed | Warburg Pincus |
| Tech Companies | 17 Oct 2022 | $101M | $1.00B | Coatue and Lightspeed Venture Partners |
| Property Management | 4 Oct 2022 | $26M | not disclosed | MaC Venture Capital |
| Tech Companies | 10 Oct 2022 | $25M | not disclosed | Lightspeed Venture Partners and Dell Technologies Capital |
| Tech Companies | 12 Oct 2022 | $23M | not disclosed | Accomplice |
| Appliance Stores | 6 Oct 2022 | $20M | not disclosed | Jiupai Capital and Bright Future Technology Holdings Ltd. |
| Cryptocurrency | 18 Oct 2022 | $18M | $200M | not named |
| Cryptocurrency | 4 Oct 2022 | $15M | $70M | Tiger Global and Tusk Venture Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Morgan Records Management raise in its Seed round?
Morgan Records Management raised $6.0M in its Seed round, announced in Oct 2022.
Who led Morgan Records Management's Seed round?
LAUNCHub and Inovo Venture Partners led it.
What was Morgan Records Management's valuation at the Seed round?
It was not disclosed.