Funding round
Steady Rent Seed
Steady Rent, which works in property management platform development in New York, raised $5.9M in a Seed round announced on 25 May 2022, led by Fintech Ventures Fund. 4 firms took part.
$5.9M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Steady Rent did not disclose a valuation in this round. It is Steady Rent's first venture round on record, 4 years after it was founded in 2018. No later venture round is on record for Steady Rent.
Steady Rent's funding rounds
This is the only venture round on record for Steady Rent.
- Debt not a venture round 25 May 2022 $500M
- Seed this round 25 May 2022, led by Fintech Ventures Fund $5.9M
Investors
Who put money in
Fintech Ventures Fund led the round with 3 other firms.
Lead investor
- backs 10 venture-backed companies new investor
Also in the round
- backs 327 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- backs 4 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
2,583 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.3M, and this round was 1.8 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 10 May 2022 | $11M | not disclosed | Haun Ventures |
| Tech Companies | 4 May 2022 | $11M | not disclosed | Top Harvest Capital |
| Tech Companies | 16 May 2022 | $11M | not disclosed | Animoca Brands and Gaw Capital Partners |
| Tech Companies | 1 May 2022 | $10M | not disclosed | White Star Capital and Stake Capital Group |
| Tech Companies | 12 May 2022 | $10M | not disclosed | not named |
| Tech Companies | 25 May 2022 | $9.5M | not disclosed | igniteXL Ventures |
| Tech Companies | 12 May 2022 | $9.4M | not disclosed | Insight Partners |
| Tech Companies | 18 May 2022 | $9.0M | not disclosed | Andreessen Horowitz |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Steady Rent raise in its Seed round?
Steady Rent raised $5.9M in its Seed round, announced in May 2022.
Who led Steady Rent's Seed round?
Fintech Ventures Fund led it, with Plug and Play, Silicon Badia and Waterfall Asset Management.
What was Steady Rent's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,583 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.3M, and this round was 1.8 times the median.