Funding round
Spotlight Reporting Series A
Spotlight Reporting, which works in business intelligence solutions development in Lower Hutt, raised $5.0M in a Series A round announced on 29 Aug 2016. 3 firms took part.
$5.0M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Spotlight Reporting did not disclose a valuation in this round. It is Spotlight Reporting's first venture round on record, 6 years after it was founded in 2010. No later venture round is on record for Spotlight Reporting.
Spotlight Reporting's funding rounds
This is the only venture round on record for Spotlight Reporting.
- Series A this round 29 Aug 2016 $5.0M
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- backs 23 venture-backed companies new investor
- Day One Capital backs 22 venture-backed companies new investor
- NZVIF new investor
Joined the board: Chintaka Ranatunga (Global from Day One Fund 2).
Comparable rounds
How it compares
503 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.8M, and this round was 74% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Aug 2016 | $22M | not disclosed | Insight Partners |
| Innovaccer Tech Companies | 10 Aug 2016 | $16M | not disclosed | Westbridge Capital Partners |
| Tech Companies | 2 Aug 2016 | $13M | not disclosed | Sandaire |
| Tech Companies | 8 Aug 2016 | $12M | not disclosed | SV Health Investors |
| Tech Companies | 23 Aug 2016 | $10M | not disclosed | OpenView |
| Tech Companies | 16 Aug 2016 | $10M | not disclosed | Greylock Partners |
| Tech Companies | 11 Aug 2016 | $7.0M | $33M | Lerer Hippeau |
| Tech Companies | 15 Aug 2016 | $6.7M | not disclosed | Target Global and OpenOcean |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Spotlight Reporting raise in its Series A round?
Spotlight Reporting raised $5.0M in its Series A round, announced in Aug 2016.
Which investors took part in Spotlight Reporting's Series A round?
Global From Day One, Day One Capital and NZVIF.
What was Spotlight Reporting's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
503 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.8M, and this round was 74% of the median.