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Funding round

MX Seed

MX, which works in financial data solutions development in Lehi, raised an undisclosed amount in a Seed round announced on 1 Jan 2014. 3 firms took part. It is MX's first venture round on record.

Undisclosed

Amount raised

Not disclosed

Post-money valuation

3

Investors

no lead named

Valuation

What this round says about the price

MX did not disclose a valuation in this round. It is MX's first venture round on record, in the year it was founded (2014). MX raised again 12 months later: a Series A round of $30M in Jan 2015, at $273M post-money.

MX's funding rounds

MX has 4 venture rounds on record and 1 other deal. This one is highlighted.

  1. Seed this round 1 Jan 2014 amount not disclosed
  2. Other not a venture round 3 Nov 2014 $20M
  3. Series A 1 Jan 2015, led by USAA $30M$273M post-money
  4. Series B 25 Jun 2019, led by Battery Ventures $100M
  5. Series C 13 Jan 2021, led by TPG $300M$1.90B post-money

Investors

Who put money in

3 firms took part; no lead investor was named.

Investors

  • backs 49 venture-backed companies new investor
  • backs 2 venture-backed companies new investor
  • Commerce Ventures new investor

Comparable rounds

How it compares

The closest in time, other companies' Seed rounds in Data Solutions:

Comparable rounds
CompanyAnnouncedAmountPost-moneyLed by
Data Solutions29 Jan 2014undisclosednot disclosednot named
Data Solutions28 Jul 2014$1.0Mnot disclosedPear VC
Data Solutions1 Dec 2014$312Knot disclosednot named

Sources

Where this comes from

Reported by 3 sources.

Questions

Frequently asked

How much did MX raise in its Seed round?

MX did not disclose the amount of its Seed round, announced in Jan 2014.

Which investors took part in MX's Seed round?

TTV Capital, North Hill Ventures and Commerce Ventures.

What was MX's valuation at the Seed round?

It was not disclosed.

Did MX raise again after this round?

Yes: a Series A round in Jan 2015 of $30M at $273M post-money.