Funding round
Orqa Seed
Orqa, which works in FPV and RR technology development in Osijek, raised $1.7M in a Seed round announced on 23 Feb 2021, led by Day One Capital. 1 firm took part. It is Orqa's first venture round on record.
$1.7M
Amount raised
1,400,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Orqa did not disclose a valuation in this round. It is Orqa's first venture round on record, 3 years after it was founded in 2018. It is 7.5% of the $23M Orqa has raised in the venture rounds on record. Orqa raised again 46 months later: a Seed round of $6.1M in Dec 2024.
Investors
Who put money in
Day One Capital led the round.
Lead 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, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
28 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.0M, and this round was 34% of the median. The closest in time, other companies' Seed rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 1 Feb 2021 | $685K | not disclosed | not named |
| Aerospace and Defence | 17 Mar 2021 | $7.3M | not disclosed | not named |
| Aerospace and Defence | 3 Mar 2021 | $3.0M | not disclosed | Prime Movers Lab |
| Aerospace and Defence | 22 Apr 2021 | $10M | not disclosed | Initialized and Jetstream Rebel Fund |
| Varda Space Industries Aerospace and Defence | 8 Dec 2020 | $9.0M | not disclosed | Founders Fund and Lux Capital |
| Aerospace and Defence | 17 Dec 2020 | $6.0M | not disclosed | Munich Re Ventures |
| Aerospace and Defence | 14 Apr 2021 | $5.0M | not disclosed | Chenel Capital |
| Aerospace and Defence | 22 Apr 2021 | $5.0M | not disclosed | Seraphim Space |
Questions
Frequently asked
How much did Orqa raise in its Seed round?
Orqa raised $1.7M in its Seed round, announced in Feb 2021.
Who led Orqa's Seed round?
Day One Capital led it.
What was Orqa's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Aerospace and Defence?
28 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.0M, and this round was 34% of the median.
Did Orqa raise again after this round?
Yes: a Seed round in Dec 2024 of $6.1M.