Funding round
Oradian Seed
Oradian, which works in cloud-native core banking platform development in City of Zagreb, raised an undisclosed amount in a Seed round announced on 1 Feb 2018, led by Middleton Enterprises. 4 firms took part.
Undisclosed
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Oradian did not disclose a valuation in this round. It is Oradian's first venture round on record, 6 years after it was founded in 2012. No later venture round is on record for Oradian.
Oradian's funding rounds
This is the only venture round on record for Oradian.
- Seed this round 1 Feb 2018, led by Middleton Enterprises amount not disclosed
Investors
Who put money in
Middleton Enterprises led the round with 3 other firms.
Lead investor
- backs 4 venture-backed companies new investor
Also in the round
- backs 37 venture-backed companies new investor
- backs 36 venture-backed companies new investor
- Day One Capital backs 22 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion and scaling operations.
- Hiring
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
660 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $2.0M. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Feb 2018 | $15M | not disclosed | not named |
| Tech Companies | 21 Feb 2018 | $6.0M | not disclosed | Hyperplane |
| Tech Companies | 28 Feb 2018 | $5.5M | not disclosed | Motorola Solutions Venture Capital |
| Tech Companies | 7 Feb 2018 | $4.5M | not disclosed | Energias de Portugal |
| Tech Companies | 26 Feb 2018 | $4.5M | not disclosed | Lerer Hippeau |
| Tech Companies | 15 Feb 2018 | $4.0M | not disclosed | not named |
| Tech Companies | 6 Feb 2018 | $3.8M | not disclosed | Revel Partners |
| Tech Companies | 8 Feb 2018 | $3.7M | not disclosed | Atlantic Bridge |
Questions
Frequently asked
How much did Oradian raise in its Seed round?
Oradian did not disclose the amount of its Seed round, announced in Feb 2018.
Who led Oradian's Seed round?
Middleton Enterprises led it, with Credo Ventures, Playfair and Day One Capital.
What was Oradian's valuation at the Seed round?
It was not disclosed.