Funding round
Nestor Seed
Nestor, which works in skills-based talent management solutions in San Francisco, raised $2.0M in a Seed round announced on 7 Dec 2022, led by Eleven and Underline Ventures. 2 firms took part.
$2.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Nestor did not disclose a valuation in this round. It is Nestor's first venture round on record, 4 years after it was founded in 2018. No later venture round is on record for Nestor.
Nestor's funding rounds
This is the only venture round on record for Nestor.
- Seed this round 7 Dec 2022, led by Eleven and Underline Ventures $2.0M
Investors
Who put money in
Eleven and Underline Ventures led the round.
Lead investors
- backs 24 venture-backed companies new investor
- Underline Ventures backs 9 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,591 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 57% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Dec 2022 | $20M | not disclosed | Distributed Global |
| Tech Companies | 5 Dec 2022 | $12M | not disclosed | Radical Ventures |
| Tech Companies | 1 Dec 2022 | $10M | not disclosed | Inovia and Garage Capital |
| Tech Companies | 6 Dec 2022 | $10M | not disclosed | Kickstart |
| Tech Companies | 6 Dec 2022 | $8.9M | not disclosed | Acuitas Group Holdings |
| Tech Companies | 22 Dec 2022 | $8.6M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 6 Dec 2022 | $8.5M | not disclosed | EQT Ventures |
| Tech Companies | 8 Dec 2022 | $8.4M | not disclosed | Frumtak Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Nestor raise in its Seed round?
Nestor raised $2.0M in its Seed round, announced in Dec 2022.
Who led Nestor's Seed round?
Eleven and Underline Ventures led it.
What was Nestor's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,591 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 57% of the median.