Funding round
Tenyks Seed
Tenyks, which works in video AI agent deployment in Cambridge, raised $3.4M in a Seed round announced on 7 Mar 2022, led by Speedinvest and firstminute capital. 11 firms took part.
$3.4M
Amount raised
Not disclosed
Post-money valuation
11
Investors
2 leads
Valuation
What this round says about the price
Tenyks did not disclose a valuation in this round. It is Tenyks' first venture round on record, 3 years after it was founded in 2019. No later venture round is on record for Tenyks.
Tenyks' funding rounds
This is the only venture round on record for Tenyks.
- Seed this round 7 Mar 2022, led by Speedinvest and firstminute capital $3.4M
Investors
Who put money in
Speedinvest and firstminute capital led the round with 9 other firms.
Lead investors
- Speedinvest backs 186 venture-backed companies new investor
- backs 71 venture-backed companies new investor
Also in the round
- LAUNCHub backs 36 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
- University of Cambridge new investor
- backs 19 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- CSVE Ventures new investor
- backs 10 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Cambridge Enterprise new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,538 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.3M, and this round was close to the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Yuga Labs Tech Companies | 22 Mar 2022 | $450M | $4.00B | Andreessen Horowitz and Andreessen Horowitz’s a16z crypto fund |
| Tech Companies | 24 Mar 2022 | $21M | $84M | CoinFund and Hashed |
| Tech Companies | 30 Mar 2022 | $19M | not disclosed | Lerner Group Investments LLC and M-Cor Holdings |
| Tech Companies | 29 Mar 2022 | $18M | not disclosed | TPY Capital and M12 |
| Tech Companies | 1 Mar 2022 | $17M | not disclosed | not named |
| Tech Companies | 2 Mar 2022 | $16M | not disclosed | SignalFire and Salesforce Ventures |
| Tech Companies | 23 Mar 2022 | $16M | not disclosed | Anthos Capital |
| Tech Companies | 30 Mar 2022 | $15M | not disclosed | StageOne Ventures and Ibex Investors |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Tenyks raise in its Seed round?
Tenyks raised $3.4M in its Seed round, announced in Mar 2022.
Who led Tenyks' Seed round?
Speedinvest and firstminute capital led it, with LAUNCHub, Y Combinator, University of Cambridge, The Creator Fund and Remus Capital and 4 more.
What was Tenyks' valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,538 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.3M, and this round was close to the median.