Funding round
OfficeRnD Seed
OfficeRnD, which works in flexible work solutions development in North Shields, raised $1.0M in a Seed round announced on 1 Nov 2017, led by LAUNCHub. 1 firm took part, with 1 individual investor. It is OfficeRnD's first venture round on record.
$1.0M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
OfficeRnD did not disclose a valuation in this round. It is OfficeRnD's first venture round on record, 2 years after it was founded in 2015. It is 9.1% of the $11M OfficeRnD has raised in the venture rounds on record. OfficeRnD raised again 47 months later: a Series A round of $10M in Oct 2021.
Investors
Who put money in
LAUNCHub led the round.
Lead investor
- LAUNCHub backs 36 venture-backed companies new investor
Individual investors: constant tedder.
Comparable rounds
How it compares
632 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.0M, and this round was 50% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Nov 2017 | $5.6M | not disclosed | Silverton Partners |
| Tech Companies | 1 Nov 2017 | $3.7M | not disclosed | Geekdom Fund |
| Fivetran Tech Companies | 1 Nov 2017 | $3.4M | not disclosed | CEAS Investments |
| Tech Companies | 1 Nov 2017 | $2.3M | not disclosed | Digital Health Ventures |
| Tech Companies | 22 Nov 2017 | $2.2M | not disclosed | Impression Ventures |
| Tech Companies | 6 Nov 2017 | $2.1M | not disclosed | Eniac |
| Tech Companies | 17 Nov 2017 | $2.0M | not disclosed | Eclipse |
| Tech Companies | 8 Nov 2017 | $2.0M | not disclosed | Okapi Venture Capital |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did OfficeRnD raise in its Seed round?
OfficeRnD raised $1.0M in its Seed round, announced in Nov 2017.
Who led OfficeRnD's Seed round?
LAUNCHub led it.
What was OfficeRnD's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
632 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.0M, and this round was 50% of the median.
Did OfficeRnD raise again after this round?
Yes: a Series A round in Oct 2021 of $10M.