Funding round
OutThink Seed
OutThink, which works in AI-Powered cybersecurity risk management solutions in London, raised $10M in a Seed round announced on 18 Oct 2022, led by AlbionVC. 5 firms took part.
$10M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
OutThink did not disclose a valuation in this round. It is OutThink's first venture round on record, 7 years after it was founded in 2015. No later venture round is on record for OutThink.
OutThink's funding rounds
This is the only venture round on record for OutThink.
- Seed this round 18 Oct 2022, led by AlbionVC $10M
Investors
Who put money in
AlbionVC led the round with 4 other firms.
Lead investor
- AlbionVC new investor
Also in the round
- Triple Point Ventures new investor
- Forward Partners new investor
- GapMinder backs 21 venture-backed companies new investor
- Innovate UK new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,626 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 2.9 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 Oct 2022 | $101M | $1.00B | Coatue and Lightspeed Venture Partners |
| Tech Companies | 10 Oct 2022 | $25M | not disclosed | Lightspeed Venture Partners and Dell Technologies Capital |
| Tech Companies | 12 Oct 2022 | $23M | not disclosed | Accomplice |
| Tech Companies | 11 Oct 2022 | $15M | $100M | Flint Capital |
| Tech Companies | 6 Oct 2022 | $12M | not disclosed | Group 11 |
| Tech Companies | 27 Oct 2022 | $12M | not disclosed | Costanoa |
| Tech Companies | 31 Oct 2022 | $10M | not disclosed | Insight Partners |
| Tech Companies | 2 Oct 2022 | $10M | not disclosed | CAPRI VENTURES |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did OutThink raise in its Seed round?
OutThink raised $10M in its Seed round, announced in Oct 2022.
Who led OutThink's Seed round?
AlbionVC led it, with Triple Point Ventures, Forward Partners, GapMinder and Innovate UK.
What was OutThink's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,626 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 2.9 times the median.