Funding round
Multiverse Computing Seed
Multiverse Computing, which works in AI model compression software development in Donostia / San Sebastián, raised $12M in a Seed round announced on 22 Oct 2021, led by JME Ventures. 10 firms took part. It is Multiverse Computing's second venture round on record; the one before was a Pre-seed in Nov 2020.
$12M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Multiverse Computing did not disclose a valuation in this round. It came 11 months after Multiverse Computing's Pre-seed. It is 1.4% of the $825M Multiverse Computing has raised in the venture rounds on record. Multiverse Computing raised again 27 months later: a Series A round of $27M in Jan 2024. Its next priced round, a Series C in Jul 2026, valued it at $1.70B.
Multiverse Computing's funding rounds
Multiverse Computing has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
JME Ventures led the round with 9 other firms.
Lead investor
- JME Ventures new investor
Also in the round
- backs 28 venture-backed companies new investor
- EASO Ventures new investor
- backs 18 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Ikerlan new investor
- LKS new investor
- Penja Strategy new investor
- Seed Gipuzkoa new investor
- Ezten Venture Capital Fund 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
2,444 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.1M, and this round was 3.7 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Oct 2021 | $109M | $1.55B | not named |
| Tech Companies | 19 Oct 2021 | $22M | not disclosed | Group 11 |
| Tech Companies | 1 Oct 2021 | $15M | not disclosed | not named |
| Tech Companies | 10 Oct 2021 | $14M | not disclosed | Sequoia Capital India |
| Tech Companies | 28 Oct 2021 | $13M | not disclosed | EQT Ventures |
| Tech Companies | 5 Oct 2021 | $9.3M | not disclosed | M12 |
| Tech Companies | 6 Oct 2021 | $9.0M | not disclosed | Pioneer Square Labs |
| Tech Companies | 7 Oct 2021 | $8.6M | not disclosed | Morningstar Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Multiverse Computing raise in its Seed round?
Multiverse Computing raised $12M in its Seed round, announced in Oct 2021.
Who led Multiverse Computing's Seed round?
JME Ventures led it, with Quantonation, EASO Ventures, Inveready, Clave and Ikerlan and 4 more.
What was Multiverse Computing's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,444 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.1M, and this round was 3.7 times the median.
Did Multiverse Computing raise again after this round?
Yes: a Series A round in Jan 2024 of $27M.