Funding round
Spacelift Pre-seed
Spacelift, which works in infrastructure automation platform development in Redwood City, raised $1.6M in a Pre-seed round announced on 12 Nov 2020, led by Hoxton Ventures and Inovo Venture Partners. 2 firms took part. It is Spacelift's first venture round on record.
$1.6M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Spacelift did not disclose a valuation in this round. It is Spacelift's first venture round on record, in the year it was founded (2020). It is 2.2% of the $74M Spacelift has raised in the venture rounds on record. Spacelift raised again 3 months later: a Series A round of $6.0M in Feb 2021.
Spacelift's funding rounds
Spacelift has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Hoxton Ventures and Inovo Venture Partners led the round.
Lead investors
- Hoxton Ventures backs 50 venture-backed companies new investor
- Inovo Venture Partners new investor
Comparable rounds
How it compares
202 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.1M, and this round was 1.5 times the median. The closest in time, other companies' Pre-seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Multiverse Computing Tech Companies | 20 Nov 2020 | $1.8M | not disclosed | not named |
| Tech Companies | 1 Nov 2020 | $1.6M | not disclosed | NextGen Venture Partners |
| Tech Companies | 1 Nov 2020 | $1.4M | not disclosed | not named |
| Tech Companies | 23 Nov 2020 | $1.3M | not disclosed | TS Ventures |
| Tech Companies | 18 Nov 2020 | $1.2M | not disclosed | not named |
| Tech Companies | 11 Nov 2020 | $718K | not disclosed | not named |
| Tech Companies | 10 Nov 2020 | $300K | not disclosed | not named |
| Tech Companies | 23 Nov 2020 | $104K | not disclosed | Lima Ventures |
Questions
Frequently asked
How much did Spacelift raise in its Pre-seed round?
Spacelift raised $1.6M in its Pre-seed round, announced in Nov 2020.
Who led Spacelift's Pre-seed round?
Hoxton Ventures and Inovo Venture Partners led it.
What was Spacelift's valuation at the Pre-seed round?
It was not disclosed.
How does it compare with other Pre-seed rounds in Tech Companies?
202 Pre-seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.1M, and this round was 1.5 times the median.
Did Spacelift raise again after this round?
Yes: a Series A round in Feb 2021 of $6.0M.