Funding round
SettleMint Series A
SettleMint, which works in digital asset lifecycle management solutions in Leuven, raised $16M in a Series A round announced on 11 Oct 2022, led by Molten Ventures and OTB Ventures. 6 firms took part.
$16M
Amount raised
16,000,000 EUR converted
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
SettleMint did not disclose a valuation in this round. It is SettleMint's first venture round on record, 6 years after it was founded in 2016. No later venture round is on record for SettleMint.
SettleMint's funding rounds
This is the only venture round on record for SettleMint.
- Series A this round 11 Oct 2022, led by Molten Ventures and OTB Ventures $16M
Investors
Who put money in
Molten Ventures and OTB Ventures led the round with 4 other firms.
Lead investors
- backs 66 venture-backed companies new investor
- OTB Ventures backs 27 venture-backed companies new investor
Also in the round
- Fujitsu Ventures new investor
- Allusion new investor
- backs 14 venture-backed companies new investor
- Medici Ventures, L.P. new 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
1,744 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.3 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 Oct 2022 | $125M | $1.50B | Insight Partners |
| Tech Companies | 4 Oct 2022 | $48M | not disclosed | White Star Capital |
| Tech Companies | 20 Oct 2022 | $43M | not disclosed | Fin Capital and M13 |
| Tech Companies | 27 Oct 2022 | $40M | not disclosed | Sanabil and PIF's Sanabil Investments |
| Tech Companies | 18 Oct 2022 | $36M | not disclosed | Yunqi Partners |
| Tech Companies | 4 Oct 2022 | $30M | not disclosed | Edison Partners |
| Tech Companies | 26 Oct 2022 | $25M | not disclosed | M12 |
| Tech Companies | 18 Oct 2022 | $24M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did SettleMint raise in its Series A round?
SettleMint raised $16M in its Series A round, announced in Oct 2022.
Who led SettleMint's Series A round?
Molten Ventures and OTB Ventures led it, with Fujitsu Ventures, Allusion, Bloccelerate VC and Medici Ventures, L.P..
What was SettleMint's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,744 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.3 times the median.