Funding round
Rensair Series A
Rensair, which works in air quality ecosystem development in London, raised $7.0M in a Series A round announced on 9 May 2022, led by Hoxton Ventures. 7 firms took part.
$7.0M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Rensair did not disclose a valuation in this round. It is Rensair's first venture round on record, 2 years after it was founded in 2020. No later venture round is on record for Rensair.
Rensair's funding rounds
This is the only venture round on record for Rensair.
- Series A this round 9 May 2022, led by Hoxton Ventures $7.0M
Investors
Who put money in
Hoxton Ventures led the round with 6 other firms.
Lead investor
- Hoxton Ventures backs 50 venture-backed companies new investor
Also in the round
- 500 Global backs 327 venture-backed companies new investor
- backs 36 venture-backed companies new investor
- Browder Capital new investor
- backs 55 venture-backed companies new investor
- backs 164 venture-backed companies new investor
- high net worth strategic investors 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
10 Series A rounds in Industrial Air Solutions within a year either side disclosed an amount; the median was $11M, and this round was 63% of the median. The closest in time, other companies' Series A rounds in Industrial Air Solutions:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Air Solutions | 28 Jul 2022 | $20M | not disclosed | Breakthrough Energy and 2150 |
| Industrial Air Solutions | 9 Sep 2022 | $7.6M | not disclosed | Active Impact Investments and Lowercarbon Capital |
| Industrial Air Solutions | 20 Jan 2022 | $6.8M | not disclosed | not named |
| Industrial Air Solutions | 15 Sep 2022 | $773K | not disclosed | Good Ventures |
| Industrial Air Solutions | 13 Nov 2022 | $15M | not disclosed | Energy Impact Partners |
| Industrial Air Solutions | 15 Dec 2022 | $13M | not disclosed | BGF |
| Industrial Air Solutions | 20 Oct 2021 | $6.4M | not disclosed | AM Ventures and Acorn Capital |
| Industrial Air Solutions | 16 Aug 2021 | $10M | not disclosed | DBL Partners and Greensoil PropTech Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Rensair raise in its Series A round?
Rensair raised $7.0M in its Series A round, announced in May 2022.
Who led Rensair's Series A round?
Hoxton Ventures led it, with 500 Global, AppWorks, Browder Capital, lightbank and Octopus Ventures and 1 more.
What was Rensair's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Industrial Air Solutions?
10 Series A rounds in Industrial Air Solutions within a year either side disclosed an amount; the median was $11M, and this round was 63% of the median.