Funding round
Videowise Seed
Videowise, which works in video commerce platform solutions in Dover, raised $3.0M in a Seed round announced on 27 Mar 2023, led by Slack Fund. 5 firms took part.
$3.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Videowise did not disclose a valuation in this round. It is Videowise's first venture round on record, 2 years after it was founded in 2021. No later venture round is on record for Videowise.
Videowise's funding rounds
This is the only venture round on record for Videowise.
- Seed this round 27 Mar 2023, led by Slack Fund $3.0M
Investors
Who put money in
Slack Fund led the round with 4 other firms.
Lead investor
- Slack Fund new investor
Also in the round
- backs 128 venture-backed companies new investor
- Underline Ventures backs 9 venture-backed companies new investor
- MuVentures new investor
- backs 13 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
2,485 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 86% of the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 31 Mar 2023 | $53M | not disclosed | not named |
| Tech Companies | 8 Mar 2023 | $21M | not disclosed | Play Time |
| Tech Companies | 30 Mar 2023 | $20M | not disclosed | Thrive Capital and GV |
| Tech Companies | 31 Mar 2023 | $18M | not disclosed | not named |
| Tech Companies | 20 Mar 2023 | $17M | not disclosed | Ballistic Ventures |
| Tech Companies | 9 Mar 2023 | $16M | not disclosed | Framework Ventures |
| Tech Companies | 21 Mar 2023 | $14M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 28 Mar 2023 | $12M | not disclosed | Pitango and 10D |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Videowise raise in its Seed round?
Videowise raised $3.0M in its Seed round, announced in Mar 2023.
Who led Videowise's Seed round?
Slack Fund led it, with Founder Collective, Underline Ventures, MuVentures and Ratio.
What was Videowise's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Tech Companies?
2,485 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.5M, and this round was 86% of the median.