Funding round
Nuro Series A
Nuro, which works in autonomous driving technology licensing in Mountain View, raised $92M in a Series A round announced on 30 Jan 2018, led by Banyan Capital and Greylock Partners. 2 firms took part. It is Nuro's first venture round on record.
$92M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Nuro did not disclose a valuation in this round. It is Nuro's first venture round on record, 2 years after it was founded in 2016. It is 4.0% of the $2.27B Nuro has raised in the venture rounds on record. Nuro raised again 13 months later: a Growth round of $940M in Feb 2019, at $2.70B post-money.
Nuro's funding rounds
Nuro has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Banyan Capital and Greylock Partners led the round.
Lead investors
- Banyan Capital new investor
- Greylock Partners backs 190 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
747 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.7M, and this round was 12 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Jan 2018 | $20M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 8 Jan 2018 | $20M | not disclosed | not named |
| Tech Companies | 31 Jan 2018 | $19M | not disclosed | not named |
| Tech Companies | 1 Jan 2018 | $15M | not disclosed | Forgepoint Capital |
| Tech Companies | 1 Jan 2018 | $14M | not disclosed | not named |
| Tech Companies | 29 Jan 2018 | $14M | not disclosed | ClearSky and Comcast Ventures |
| Tech Companies | 17 Jan 2018 | $12M | not disclosed | Red River West and Alven |
| Tech Companies | 5 Jan 2018 | $12M | not disclosed | Oak HC/FT |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Nuro raise in its Series A round?
Nuro raised $92M in its Series A round, announced in Jan 2018.
Who led Nuro's Series A round?
Banyan Capital and Greylock Partners led it.
What was Nuro's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
747 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.7M, and this round was 12 times the median.
Did Nuro raise again after this round?
Yes: a Growth round in Feb 2019 of $940M at $2.70B post-money.