Funding round
Pivot Bio Series A
Pivot Bio, which works in microbial nitrogen product manufacturing in Berkeley, raised $16M in a Series A round announced on 1 Jan 2016, led by DCVC and Prelude Ventures. 6 firms took part. It is Pivot Bio's second venture round on record; the one before was a Seed in Jan 2014.
$16M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Pivot Bio did not disclose a valuation in this round. It came 24 months after Pivot Bio's Seed. It is 2.6% of the $617M Pivot Bio has raised in the venture rounds on record. Pivot Bio raised again 33 months later: a Series B round of $70M in Oct 2018. 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 1 Jan 2014, led by DCVC and Monsanto Growth Ventures $750K
- Series A this round 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 Prelude Ventures led the round with 4 other firms.
Lead investors
- DCVC backs 171 venture-backed companies new investor
- backs 62 venture-backed companies new investor
Also in the round
- Monsanto Growth Ventures new investor
- Bill & Melinda Gates Foundation new investor
- backs 17 venture-backed companies new investor
- OS Fund new investor
Comparable rounds
How it compares
6 Series A rounds in Chemicals within a year either side disclosed an amount; the median was $5.3M, and this round was 3.0 times the median. The closest in time, other companies' Series A rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 21 Jan 2016 | $3.4M | not disclosed | Twynam |
| Chemicals | 8 Feb 2016 | $7.2M | not disclosed | Touchstone Innovations |
| Chemicals | 6 Apr 2016 | $14M | not disclosed | Samsung Venture Investment |
| Chemicals | 17 Jun 2015 | $3.0M | $11M | Cultivian Sandbox Ventures |
| Chemicals | 12 Mar 2015 | $1.5M | not disclosed | OPT SEA |
| Chemicals | 13 Dec 2016 | $13M | not disclosed | IA Ventures and OS Fund |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Pivot Bio raise in its Series A round?
Pivot Bio raised $16M in its Series A round, announced in Jan 2016.
Who led Pivot Bio's Series A round?
DCVC and Prelude Ventures led it, with Monsanto Growth Ventures, Bill & Melinda Gates Foundation, Genoa Ventures and OS Fund.
What was Pivot Bio's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Chemicals?
6 Series A rounds in Chemicals within a year either side disclosed an amount; the median was $5.3M, and this round was 3.0 times the median.
Did Pivot Bio raise again after this round?
Yes: a Series B round in Oct 2018 of $70M.