Funding round
SEGRON Series A
SEGRON, which works in automated communication testing solutions in Bratislava, raised $3.4M in a Series A round announced on 27 Jun 2019. 2 firms took part. It is SEGRON's first venture round on record.
$3.4M
Amount raised
3,000,000 EUR converted
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
SEGRON did not disclose a valuation in this round. It is SEGRON's first venture round on record, 7 years after it was founded in 2012. It is 39% of the $8.8M SEGRON has raised in the venture rounds on record. SEGRON raised again 22 months later: a Series B round of $5.4M in Apr 2021.
SEGRON's funding rounds
SEGRON has 2 venture rounds on record. This one is highlighted.
- Series A this round 27 Jun 2019 $3.4M
- Series B 1 Apr 2021 $5.4M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 37 venture-backed companies
- OTB Ventures backs 27 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
951 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.2M, and this round was 42% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Jun 2019 | $50M | not disclosed | Tiger Global |
| Tech Companies | 25 Jun 2019 | $40M | not disclosed | Pitango |
| Tech Companies | 19 Jun 2019 | $27M | not disclosed | Kapor Capital and New Voices Fund |
| Tech Companies | 1 Jun 2019 | $27M | not disclosed | SSM Partners |
| Tech Companies | 13 Jun 2019 | $24M | not disclosed | Sequoia Capital |
| Tech Companies | 26 Jun 2019 | $23M | not disclosed | aMoon |
| Tech Companies | 12 Jun 2019 | $23M | not disclosed | GreatPoint Ventures |
| Tech Companies | 19 Jun 2019 | $22M | not disclosed | Benchmark |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did SEGRON raise in its Series A round?
SEGRON raised $3.4M in its Series A round, announced in Jun 2019.
Which investors took part in SEGRON's Series A round?
Credo Ventures and OTB Ventures.
What was SEGRON's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
951 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.2M, and this round was 42% of the median.
Did SEGRON raise again after this round?
Yes: a Series B round in Apr 2021 of $5.4M.