Funding round
Ondato Pre-seed
Ondato, which works in digital identity verification solutions in London, raised $510K in a Pre-seed round announced on 5 Jun 2020, led by Startup Wise Guys. 1 firm took part. It is Ondato's first venture round on record.
$510K
Amount raised
450,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Ondato did not disclose a valuation in this round. It is Ondato's first venture round on record, 2 years after it was founded in 2018. It is 11% of the $4.7M Ondato has raised in the venture rounds on record. Ondato raised again 16 months later: a Seed round of $4.2M in Oct 2021.
Ondato's funding rounds
Ondato has 2 venture rounds on record. This one is highlighted.
- Pre-seed this round 5 Jun 2020, led by Startup Wise Guys $510K
- Seed 26 Oct 2021, led by OTB Ventures and Startup Wise Guys $4.2M
Investors
Who put money in
Startup Wise Guys led the round.
Lead investor
- backs 30 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
130 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.0M, and this round was 51% of the median. The closest in time, other companies' Pre-seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Jun 2020 | $1.5M | not disclosed | not named |
| Tech Companies | 14 Jun 2020 | $1.0M | not disclosed | not named |
| Tech Companies | 1 Jun 2020 | $620K | not disclosed | not named |
| Tech Companies | 1 Jun 2020 | $148K | not disclosed | not named |
| Tech Companies | 21 Jul 2020 | $3.7M | not disclosed | ATMOS Ventures |
| Tech Companies | 4 May 2020 | $1.7M | not disclosed | Paytm and LEAD |
| Tech Companies | 1 May 2020 | $1.3M | not disclosed | Bharat Inclusion Seed Fund |
| Tech Companies | 27 May 2020 | $1.0M | not disclosed | Vision Ventures |
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 Ondato raise in its Pre-seed round?
Ondato raised $510K in its Pre-seed round, announced in Jun 2020.
Who led Ondato's Pre-seed round?
Startup Wise Guys led it.
What was Ondato's valuation at the Pre-seed round?
It was not disclosed.
How does it compare with other Pre-seed rounds in Tech Companies?
130 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.0M, and this round was 51% of the median.
Did Ondato raise again after this round?
Yes: a Seed round in Oct 2021 of $4.2M.