Funding round
Unbabel Seed
Unbabel, which works in multilingual translation services in San Francisco, raised $1.5M in a Seed round announced on 18 Jul 2014, led by Shilling VC. 11 firms took part. It is Unbabel's first venture round on record.
$1.5M
Amount raised
Not disclosed
Post-money valuation
11
Investors
1 lead
Valuation
What this round says about the price
Unbabel did not disclose a valuation in this round. It is Unbabel's first venture round on record, 1 year after it was founded in 2013. It is 1.8% of the $85M Unbabel has raised in the venture rounds on record. Unbabel raised again 42 months later: a Series B round of $23M in Jan 2018.
Investors
Who put money in
Shilling VC led the round with 10 other firms.
Lead investor
- backs 33 venture-backed companies new investor
Also in the round
- Matrix backs 129 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- IDG Capital backs 49 venture-backed companies new investor
- backs 107 venture-backed companies new investor
- backs 30 venture-backed companies new investor
- Caffeinated backs 79 venture-backed companies new investor
- zPark Ventures new investor
- backs 10 venture-backed companies new investor
- Digital Garage new investor
- backs 9 venture-backed companies new investor
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
The closest in time: Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 Jul 2014 | $5.0M | not disclosed | not named |
| Tech Companies | 1 Jul 2014 | $4.5M | not disclosed | not named |
| Payment Processing & Point of Sale | 1 Jul 2014 | $4.1M | not disclosed | Felicis |
| Tech Companies | 22 Jul 2014 | $3.5M | not disclosed | Vanedge Capital |
| Tech Companies | 1 Jul 2014 | $3.4M | not disclosed | Octopus Group |
| Sporting Goods Store | 1 Jul 2014 | $3.0M | not disclosed | not named |
| Online Marketplace | 16 Jul 2014 | $2.8M | not disclosed | Andreessen Horowitz |
| Tech Companies | 28 Jul 2014 | $2.3M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Unbabel raise in its Seed round?
Unbabel raised $1.5M in its Seed round, announced in Jul 2014.
Who led Unbabel's Seed round?
Shilling VC led it, with Matrix, GV, IDG Capital, FundersClub and Faber and 5 more.
What was Unbabel's valuation at the Seed round?
It was not disclosed.
Did Unbabel raise again after this round?
Yes: a Series B round in Jan 2018 of $23M.