Funding round
Pivot Bio Seed
Pivot Bio, which works in microbial nitrogen product manufacturing in Berkeley, raised $750K in a Seed round announced on 1 Jan 2014, led by DCVC and Monsanto Growth Ventures. 2 firms took part. It is Pivot Bio's first venture round on record.
$750K
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Pivot Bio did not disclose a valuation in this round. It is Pivot Bio's first venture round on record, 3 years after it was founded in 2011. It is under 1% of the $617M Pivot Bio has raised in the venture rounds on record. Pivot Bio raised again 24 months later: a Series A round of $16M in Jan 2016. Its next priced round, a Series D in Jul 2021, valued it at $2.00B.
Pivot Bio's funding rounds
Pivot Bio has 5 venture rounds on record. This one is highlighted.
- Seed this round 1 Jan 2014, led by DCVC and Monsanto Growth Ventures $750K
- Series A 1 Jan 2016, led by DCVC and Prelude Ventures $16M
- Series B 2 Oct 2018, led by Breakthrough Energy $70M
- Series C 30 Apr 2020, led by Breakthrough Energy and Temasek $100M
- Series D 19 Jul 2021, led by DCVC and Temasek $430M$2.00B post-money
Investors
Who put money in
DCVC and Monsanto Growth Ventures led the round.
Lead investors
- DCVC backs 171 venture-backed companies new investor
- Monsanto Growth Ventures new investor
Comparable rounds
How it compares
The closest in time, other companies' Seed rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 22 Oct 2013 | undisclosed | not disclosed | Rebright Partners |
| Chemicals | 20 Jun 2013 | $2.0M | not disclosed | GOOSE Capital |
| Chemicals | 11 Feb 2013 | $2.2M | not disclosed | Sofinnova Partners |
Questions
Frequently asked
How much did Pivot Bio raise in its Seed round?
Pivot Bio raised $750K in its Seed round, announced in Jan 2014.
Who led Pivot Bio's Seed round?
DCVC and Monsanto Growth Ventures led it.
What was Pivot Bio's valuation at the Seed round?
It was not disclosed.
Did Pivot Bio raise again after this round?
Yes: a Series A round in Jan 2016 of $16M.