Funding round
SPREAD Series A
SPREAD, which works in engineering intelligence platform development in Berlin, raised $16M in a Series A round announced on 3 May 2023, led by HV Capital. 2 firms took part, 1 of them already investors, with 15 individual investors. It is SPREAD's first venture round on record.
$16M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
SPREAD did not disclose a valuation in this round. It is SPREAD's first venture round on record, 4 years after it was founded in 2019. It is 35% of the $46M SPREAD has raised in the venture rounds on record. SPREAD raised again 35 months later: a Series B round of $30M in Apr 2026.
SPREAD's funding rounds
SPREAD has 2 venture rounds on record. This one is highlighted.
- Series A this round 3 May 2023, led by HV Capital $16M
- Series B 29 Apr 2026, led by OTB Ventures $30M
Investors
Who put money in
HV Capital led the round with 1 other firm. Cavalry had backed SPREAD before.
Lead investor
- HV Capital backs 124 venture-backed companies new investor
Also in the round
- backs 26 venture-backed companies existing investor
Individual investors: Dylan Field, Walter Kortschak, Julius Koehler, Nicolaus Schefenacker, David Nothacker, anil dharni, Arash Ferdowsi, dave balter, humberto ayres pereira, James Beshara, liu jiang, mario götze, rich miner, sara lannin and spencer kimball.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,514 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 1.5 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 May 2023 | $81M | $500M | Celesta Capital and Mayfield |
| Axelera AI Tech Companies | 22 May 2023 | $50M | not disclosed | not named |
| Tech Companies | 24 May 2023 | $38M | not disclosed | not named |
| Tech Companies | 31 May 2023 | $20M | not disclosed | Transpose Platform |
| Tech Companies | 4 May 2023 | $20M | not disclosed | East Ventures |
| Tech Companies | 17 May 2023 | $19M | not disclosed | not named |
| Tech Companies | 11 May 2023 | $19M | not disclosed | Grotech Ventures |
| Tech Companies | 24 May 2023 | $18M | not disclosed | Notion Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did SPREAD raise in its Series A round?
SPREAD raised $16M in its Series A round, announced in May 2023.
Who led SPREAD's Series A round?
HV Capital led it, with Cavalry.
What was SPREAD's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,514 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 1.5 times the median.
Did SPREAD raise again after this round?
Yes: a Series B round in Apr 2026 of $30M.