Funding round
Turneo Seed
Turneo, which works in digital experience platform development in London, raised $2.2M in a Seed round announced on 18 Sep 2024, led by Bessemer Venture Partners. 2 firms took part.
$2.2M
Amount raised
2,000,000 EUR converted
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Turneo did not disclose a valuation in this round. No later venture round is on record for Turneo.
Turneo's funding rounds
This is the only venture round on record for Turneo.
- Seed this round 18 Sep 2024, led by Bessemer Venture Partners $2.2M
Investors
Who put money in
Bessemer Venture Partners led the round with 1 other firm.
Lead investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
Also in the round
- Underline Ventures backs 9 venture-backed companies new investor
Joined the board: Aditya Nidmarti (Bessemer Venture Partners).
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
2,555 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.7M, and this round was 60% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 Sep 2024 | $20M | not disclosed | not named |
| Tech Companies | 13 Sep 2024 | $16M | not disclosed | GV |
| Tech Companies | 1 Sep 2024 | $13M | not disclosed | not named |
| Tech Companies | 11 Sep 2024 | $13M | not disclosed | A* and 8VC |
| Tech Companies | 10 Sep 2024 | $12M | not disclosed | Thomvest Ventures |
| Tech Companies | 30 Sep 2024 | $12M | not disclosed | Oliver Jung |
| Tech Companies | 27 Sep 2024 | $11M | not disclosed | GV |
| Tech Companies | 1 Sep 2024 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Turneo raise in its Seed round?
Turneo raised $2.2M in its Seed round, announced in Sep 2024.
Who led Turneo's Seed round?
Bessemer Venture Partners led it, with Underline Ventures.
What was Turneo's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,555 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.7M, and this round was 60% of the median.