Funding round
Seismic Series A
Seismic, which works in sales enablement platform development in San Diego, raised $5.0M in a Series A round announced on 29 Mar 2016, led by OpenView. 3 firms took part. It is Seismic's second venture round on record; the one before was a Seed in Dec 2011.
$5.0M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Seismic did not disclose a valuation in this round. It came 51 months after Seismic's Seed. It is 1.1% of the $441M Seismic has raised in the venture rounds on record. Seismic raised again 2 months later: a Series C round of $40M in May 2016. Its next priced round, a Series E in Dec 2018, valued it at $1.00B.
Seismic's funding rounds
Seismic has 7 venture rounds on record. This one is highlighted.
- Seed 1 Dec 2011 $2.0M
- Series A this round 29 Mar 2016, led by OpenView $5.0M
- Series C 25 May 2016, led by General Atlantic $40M
- Series E 18 Dec 2018, led by Lightspeed Venture Partners and T. Rowe Price Associates, Inc. $100M$1.00B post-money
- Growth 14 Mar 2019 $32M
- Series F 29 Sep 2020, led by Permira $92M$1.60B post-money
- Series G 16 Aug 2021, led by Permira $170M$3.00B post-money
Investors
Who put money in
OpenView led the round with 2 other firms.
Lead investor
- backs 44 venture-backed companies new investor
Also in the round
- High Alpha Capital new investor
- backs 26 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
470 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 71% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Mar 2016 | $25M | not disclosed | PeakSpan Capital and Greenspring Associates |
| Tech Companies | 20 Mar 2016 | $10M | not disclosed | Paytm |
| Tech Companies | 3 Mar 2016 | $8.0M | not disclosed | Atomico |
| Tech Companies | 31 Mar 2016 | $8.0M | not disclosed | SJF Ventures and Fontinalis |
| Tech Companies | 17 Mar 2016 | $6.7M | not disclosed | Northzone and Creandum |
| Tech Companies | 21 Mar 2016 | $6.5M | not disclosed | Polaris Partners and Toba Capital |
| Tech Companies | 21 Mar 2016 | $5.0M | not disclosed | Paladin Capital Group |
| Tech Companies | 30 Mar 2016 | $4.5M | not disclosed | Rally Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Seismic raise in its Series A round?
Seismic raised $5.0M in its Series A round, announced in Mar 2016.
Who led Seismic's Series A round?
OpenView led it, with High Alpha Capital and Allos Ventures.
What was Seismic's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
470 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 71% of the median.
Did Seismic raise again after this round?
Yes: a Series C round in May 2016 of $40M.