Funding round
Verkada Seed
Verkada, which works in physical security solutions development in San Mateo, raised $3.9M in a Seed round announced on 21 Sep 2017, led by First Round. 1 firm took part. It is Verkada's first venture round on record.
$3.9M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Verkada did not disclose a valuation in this round. It is Verkada's first venture round on record, 1 year after it was founded in 2016. It is under 1% of the $644M Verkada has raised in the venture rounds on record. Verkada raised again 7 months later: a Series A round of $15M in Apr 2018. Its next priced round, a Series B in Apr 2019, valued it at $540M.
Verkada's funding rounds
Verkada has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Debt not a venture round 28 Oct 2016 $400K
- Seed this round 21 Sep 2017, led by First Round $3.9M
- Series A 11 Apr 2018, led by Next47 $15M
- Series B 25 Apr 2019, led by Meritech Capital and Sequoia Capital $40M$540M post-money
- Series C 29 Jan 2020, led by Felicis $80M$1.60B post-money
- Series D 14 Sep 2022, led by Linse Capital $205M$3.20B post-money
- Series E 19 Feb 2025, led by General Catalyst $200M$4.50B post-money
- Growth 3 Dec 2025, led by CapitalG $100M$5.80B post-money
Investors
Who put money in
First Round led the round.
Lead investor
- backs 212 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Alarms, Surveillance & Security Systems, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Flock Safety Alarms, Surveillance & Security Systems | 1 Jan 2017 | $120K | not disclosed | Y Combinator |
| Alarms, Surveillance & Security Systems | 10 Sep 2018 | $3.0M | $17M | not named |
| Software Development Services | 1 Sep 2017 | $32M | not disclosed | not named |
| Nearfield Instruments Laboratory Equipment & Supplies | 7 Sep 2017 | $12M | not disclosed | Samsung Venture Investment |
| Biotechnology | 6 Sep 2017 | $10M | not disclosed | ARTIS Ventures |
| Florists | 24 Sep 2017 | $6.0M | not disclosed | not named |
| Tech Companies | 4 Sep 2017 | $5.6M | not disclosed | not named |
| Tech Companies | 27 Sep 2017 | $5.5M | not disclosed | Elsewhere Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Verkada raise in its Seed round?
Verkada raised $3.9M in its Seed round, announced in Sep 2017.
Who led Verkada's Seed round?
First Round led it.
What was Verkada's valuation at the Seed round?
It was not disclosed.
Did Verkada raise again after this round?
Yes: a Series A round in Apr 2018 of $15M.