Funding round
Scalarr Series A
Scalarr, which works in mobile ad fraud detection solutions in Dover, raised $7.5M in a Series A round announced on 10 Feb 2021, led by European Bank for Reconstruction and Development. 4 firms took part.
$7.5M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Scalarr did not disclose a valuation in this round. It is Scalarr's first venture round on record, 5 years after it was founded in 2016. No later venture round is on record for Scalarr.
Scalarr's funding rounds
This is the only venture round on record for Scalarr.
- Series A this round 10 Feb 2021, led by European Bank for Reconstruction and Development $7.5M
Investors
Who put money in
European Bank for Reconstruction and Development led the round with 3 other firms.
Lead investor
- backs 30 venture-backed companies new investor
Also in the round
- backs 20 venture-backed companies new investor
- OTB Ventures backs 27 venture-backed companies new investor
- Speedinvest backs 186 venture-backed companies 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
1,580 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 68% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Feb 2021 | $55M | not disclosed | Accenture Ventures |
| Tech Companies | 2 Feb 2021 | $50M | not disclosed | Andreessen Horowitz |
| Tech Companies | 12 Feb 2021 | $45M | not disclosed | Aldrich Capital Partners |
| Tech Companies | 9 Feb 2021 | $43M | not disclosed | Norwest |
| Metropolis Tech Companies | 16 Feb 2021 | $41M | not disclosed | 3L Growth Equity |
| Tech Companies | 10 Feb 2021 | $40M | not disclosed | PSG |
| Tech Companies | 10 Feb 2021 | $28M | not disclosed | K1 Investment Management |
| Tech Companies | 24 Feb 2021 | $24M | not disclosed | Lightspeed Venture Partners and Balderton Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Scalarr raise in its Series A round?
Scalarr raised $7.5M in its Series A round, announced in Feb 2021.
Who led Scalarr's Series A round?
European Bank for Reconstruction and Development led it, with TMT Investments, OTB Ventures and Speedinvest.
What was Scalarr's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,580 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 68% of the median.