Funding round
tonari Series A
tonari, which works in communication platform development in Shibuya, raised $3.4M in a Series A round announced on 8 Jun 2022. 2 firms took part.
$3.4M
Amount raised
450,000,000 JPY converted
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
tonari did not disclose a valuation in this round. It is tonari's first venture round on record, 7 years after it was founded in 2015. No later venture round is on record for tonari.
tonari's funding rounds
This is the only venture round on record for tonari.
- Series A this round 8 Jun 2022 $3.4M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 18 venture-backed companies
- Day One Capital backs 22 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,875 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 27% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Jun 2022 | $100M | not disclosed | IDG Capital and HSG |
| Tech Companies | 14 Jun 2022 | $70M | not disclosed | Atomico and Balderton Capital |
| Tech Companies | 1 Jun 2022 | $50M | not disclosed | not named |
| Chainguard Tech Companies | 2 Jun 2022 | $50M | not disclosed | Sequoia Capital |
| Tech Companies | 7 Jun 2022 | $48M | not disclosed | Primorus Investments and Zed Capital |
| Tech Companies | 1 Jun 2022 | $45M | not disclosed | not named |
| Tech Companies | 8 Jun 2022 | $42M | not disclosed | Insight Partners |
| Tech Companies | 15 Jun 2022 | $40M | not disclosed | Tiger Global |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did tonari raise in its Series A round?
tonari raised $3.4M in its Series A round, announced in Jun 2022.
Which investors took part in tonari's Series A round?
UntroD and Day One Capital.
What was tonari's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,875 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 27% of the median.