Funding round
Ratio Seed
Ratio, which works in technology procurement financing solutions in San Mateo, raised $11M in a Seed round announced on 15 Sep 2022, led by Streamlined Ventures. 4 firms took part. It is Ratio's second venture round on record; the one before was a Growth in Sep 2022.
$11M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Ratio did not disclose a valuation in this round. It is 2.2% of the $511M Ratio has raised in the venture rounds on record. Ratio raised again 43 months later: a Growth round of $100M in Apr 2026.
Investors
Who put money in
Streamlined Ventures led the round with 3 other firms.
Lead investor
- backs 72 venture-backed companies new investor
Also in the round
- Cervin Ventures new investor
- 8-Bit Capital new investor
- backs 12 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
84 Seed rounds in Loans & Financing within a year either side disclosed an amount; the median was $4.0M, and this round was 2.8 times the median. The closest in time, other companies' Seed rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 14 Sep 2022 | $10M | not disclosed | Fin Capital |
| Loans & Financing | 29 Sep 2022 | $7.0M | not disclosed | MetaProp |
| Loans & Financing | 22 Sep 2022 | $3.7M | not disclosed | Founders Fund |
| Loans & Financing | 1 Sep 2022 | $1.4M | not disclosed | not named |
| Loans & Financing | 11 Oct 2022 | $8.0M | not disclosed | QED Investors |
| Loans & Financing | 19 Aug 2022 | $5.0M | not disclosed | Chicago Ventures |
| Loans & Financing | 12 Oct 2022 | $3.6M | not disclosed | QED Investors and Outliers Venture Capital |
| Loans & Financing | 27 Oct 2022 | $3.0M | not disclosed | Slauson & Co |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Ratio raise in its Seed round?
Ratio raised $11M in its Seed round, announced in Sep 2022.
Who led Ratio's Seed round?
Streamlined Ventures led it, with Cervin Ventures, 8-Bit Capital and Honeystone Ventures.
What was Ratio's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Loans & Financing?
84 Seed rounds in Loans & Financing within a year either side disclosed an amount; the median was $4.0M, and this round was 2.8 times the median.
Did Ratio raise again after this round?
Yes: a Growth round in Apr 2026 of $100M.