Funding round
Spatial Series B
Spatial, which works in metaverse platform development in New York, raised $25M in a Series B round announced on 14 Dec 2021. 8 firms took part. It is Spatial's third venture round on record; the one before was a Series A in Jan 2020.
$25M
Amount raised
Not disclosed
Post-money valuation
8
Investors
no lead named
Valuation
What this round says about the price
Spatial did not disclose a valuation in this round. It came 23 months after Spatial's Series A. It is 53% of the $47M Spatial has raised in the venture rounds on record. No later venture round is on record for Spatial.
Investors
Who put money in
8 firms took part; no lead investor was named.
Investors
- Maven Growth Partners new investor
- backs 2 venture-backed companies new investor
- backs 71 venture-backed companies new investor
- backs 81 venture-backed companies new investor
- Mirae Asset Venture Investments backs 37 venture-backed companies new investor
- Inovia backs 120 venture-backed companies new investor
- backs 61 venture-backed companies new investor
- backs 153 venture-backed companies new investor
Comparable rounds
How it compares
1,024 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 81% of the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Dec 2021 | $220M | $1.25B | General Atlantic and SoftBank |
| Tech Companies | 20 Dec 2021 | $150M | $1.50B | Altimeter and Coatue |
| CData Tech Companies | 16 Dec 2021 | $140M | not disclosed | Updata Partners |
| Tech Companies | 2 Dec 2021 | $120M | $1.40B | Coatue |
| Tech Companies | 2 Dec 2021 | $95M | not disclosed | D1 Capital Partners |
| Tech Companies | 1 Dec 2021 | $92M | not disclosed | Horizons Ventures |
| Tech Companies | 7 Dec 2021 | $75M | $1.20B | Valor |
| Tech Companies | 28 Dec 2021 | $70M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Spatial raise in its Series B round?
Spatial raised $25M in its Series B round, announced in Dec 2021.
Which investors took part in Spatial's Series B round?
Maven Growth Partners, Pine Capital Management, KB Investment, Korea Investment Financial Holding, Mirae Asset Venture Investments and Inovia and 2 more.
What was Spatial's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
1,024 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 81% of the median.