Funding round
Wayve Series A
Wayve, which works in embodied AI technology development in London, raised $20M in a Series A round announced on 18 Nov 2019, led by Eclipse. 5 firms took part. It is Wayve's first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Wayve did not disclose a valuation in this round. It is Wayve's first venture round on record, 2 years after it was founded in 2017. It is 1.5% of the $1.33B Wayve has raised in the venture rounds on record. Wayve raised again 26 months later: a Series B round of $200M in Jan 2022.
Wayve's funding rounds
Wayve has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Eclipse led the round with 4 other firms.
Lead investor
- Eclipse backs 79 venture-backed companies new investor
Also in the round
- Balderton Capital backs 140 venture-backed companies new investor
- backs 32 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 71 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
1,013 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 2.4 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 1Password Tech Companies | 14 Nov 2019 | $200M | not disclosed | Accel |
| Tech Companies | 5 Nov 2019 | $45M | not disclosed | Insight Partners |
| Tech Companies | 12 Nov 2019 | $40M | not disclosed | Fonds de solidarité FTQ and Investissement Québec |
| Tech Companies | 6 Nov 2019 | $40M | not disclosed | Goldman Sachs |
| Tech Companies | 20 Nov 2019 | $25M | not disclosed | Kleiner Perkins |
| Abnormal AI Tech Companies | 19 Nov 2019 | $24M | not disclosed | Greylock Partners |
| Tech Companies | 13 Nov 2019 | $24M | not disclosed | Accelmed and Mivtach Shamir Holdings Ltd. |
| Starburst Tech Companies | 20 Nov 2019 | $22M | not disclosed | Index Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Wayve raise in its Series A round?
Wayve raised $20M in its Series A round, announced in Nov 2019.
Who led Wayve's Series A round?
Eclipse led it, with Balderton Capital, Compound, Fly Ventures and firstminute capital.
What was Wayve's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,013 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 2.4 times the median.
Did Wayve raise again after this round?
Yes: a Series B round in Jan 2022 of $200M.