Funding round
PayFit Seed
PayFit, which works in payroll management software development in Paris, raised $566K in a Seed round announced on 1 Jan 2016, led by Kima Ventures. 9 firms took part. It is PayFit's first venture round on record.
$566K
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
PayFit did not disclose a valuation in this round. It is PayFit's first venture round on record, in the year it was founded (2016). It is under 1% of the $410M PayFit has raised in the venture rounds on record. PayFit raised again 18 months later: a Series B round of $16M in Jul 2017. Its next priced round, a Series E in Jan 2022, valued it at $2.10B.
PayFit's funding rounds
PayFit has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Kima Ventures led the round with 8 other firms.
Lead investor
- backs 233 venture-backed companies new investor
Also in the round
- The Family new investor
- Addition new investor
- EFounders new investor
- backs 12 venture-backed companies new investor
- backs 43 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- #secretfund new investor
Comparable rounds
How it compares
397 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.6M, and this round was 35% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Jan 2016 | $4.0M | not disclosed | not named |
| Tech Companies | 1 Jan 2016 | $4.0M | not disclosed | not named |
| Tech Companies | 1 Jan 2016 | $3.8M | $13M | not named |
| Tech Companies | 1 Jan 2016 | $3.5M | not disclosed | August Capital |
| Tech Companies | 1 Jan 2016 | $3.2M | not disclosed | not named |
| Tech Companies | 20 Jan 2016 | $3.2M | not disclosed | BonAngels |
| Tech Companies | 10 Jan 2016 | $3.2M | $9.1M | Matrix Capital Management |
| Snyk Tech Companies | 1 Jan 2016 | $3.0M | not disclosed | not named |
Questions
Frequently asked
How much did PayFit raise in its Seed round?
PayFit raised $566K in its Seed round, announced in Jan 2016.
Who led PayFit's Seed round?
Kima Ventures led it, with The Family, Addition, EFounders, Future Positive Capital and HCVC and 3 more.
What was PayFit's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
397 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.6M, and this round was 35% of the median.
Did PayFit raise again after this round?
Yes: a Series B round in Jul 2017 of $16M.