Funding round
SEMRON Seed
SEMRON, which works in AI hardware development in Dresden, raised $7.9M in a Seed round announced on 30 Jan 2024, led by Join Capital. 5 firms took part, 1 of them already investors.
$7.9M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
SEMRON did not disclose a valuation in this round. It is SEMRON's first venture round on record, 4 years after it was founded in 2020. No later venture round is on record for SEMRON.
SEMRON's funding rounds
This is the only venture round on record for SEMRON.
- Seed this round 30 Jan 2024, led by Join Capital $7.9M
Investors
Who put money in
Join Capital led the round with 4 other firms. SPRIND had backed SEMRON before.
Lead investor
- backs 22 venture-backed companies new investor
Also in the round
- backs 30 venture-backed companies new investor
- OTB Ventures backs 27 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- backs 12 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
60 Seed rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $3.7M, and this round was 2.1 times the median. The closest in time, other companies' Seed rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 24 Jan 2024 | $2.6M | not disclosed | High-Tech Gründerfonds and OCCIDENT |
| Electronical Components Manufacturing | 1 Dec 2023 | $8.8M | not disclosed | not named |
| Electronical Components Manufacturing | 14 Dec 2023 | $7.2M | not disclosed | Gates Frontier |
| Electronical Components Manufacturing | 4 Dec 2023 | $3.0M | not disclosed | Rhapsody Venture Partners |
| MatX Electronical Components Manufacturing | 1 Mar 2024 | $25M | not disclosed | not named |
| Electronical Components Manufacturing | 7 Mar 2024 | $16M | not disclosed | Eclipse |
| Electronical Components Manufacturing | 27 Nov 2023 | $7.7M | not disclosed | IQ Capital and Earlybird |
| Electronical Components Manufacturing | 20 Mar 2024 | $5.4M | not disclosed | Union Square Ventures and Energy Revolution Ventures |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did SEMRON raise in its Seed round?
SEMRON raised $7.9M in its Seed round, announced in Jan 2024.
Who led SEMRON's Seed round?
Join Capital led it, with SquareOne, OTB Ventures, Onsight Ventures and SPRIND.
What was SEMRON's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Electronical Components Manufacturing?
60 Seed rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $3.7M, and this round was 2.1 times the median.