Funding round
TypingDNA Series A
TypingDNA, which works in AI-Based authentication solutions in New York, raised $7.0M in a Series A round announced on 4 Jan 2020, led by Gradient. 3 firms took part. It is TypingDNA's second venture round on record; the one before was a Seed in Jan 2019.
$7.0M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
TypingDNA did not disclose a valuation in this round. It came 12 months after TypingDNA's Seed. It is 82% of the $8.5M TypingDNA has raised in the venture rounds on record. No later venture round is on record for TypingDNA.
TypingDNA's funding rounds
TypingDNA has 2 venture rounds on record. This one is highlighted.
- Seed 31 Jan 2019, led by GapMinder $1.5M
- Series A this round 4 Jan 2020, led by Gradient $7.0M
Investors
Who put money in
Gradient led the round with 2 other firms.
Lead investor
- backs 141 venture-backed companies new investor
Also in the round
- GapMinder backs 21 venture-backed companies new investor
- backs 388 venture-backed companies new investor
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
1,035 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $9.0M, and this round was 78% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Jan 2020 | $40M | not disclosed | Horizons Ventures |
| Tech Companies | 21 Jan 2020 | $30M | not disclosed | Five Elms Capital |
| Tech Companies | 27 Jan 2020 | $23M | not disclosed | Radian Capital |
| Tech Companies | 30 Jan 2020 | $22M | not disclosed | Oxx and Kennet |
| Tech Companies | 22 Jan 2020 | $20M | not disclosed | SignalFire |
| Tech Companies | 23 Jan 2020 | $20M | not disclosed | Insight Partners |
| Tech Companies | 28 Jan 2020 | $18M | not disclosed | Coatue |
| Tech Companies | 1 Jan 2020 | $17M | not disclosed | Sequoia Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did TypingDNA raise in its Series A round?
TypingDNA raised $7.0M in its Series A round, announced in Jan 2020.
Who led TypingDNA's Series A round?
Gradient led it, with GapMinder and Techstars.
What was TypingDNA's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,035 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $9.0M, and this round was 78% of the median.