Funding round
WeLab Series A
WeLab, which works in digital banking services in Hong Kong Island, raised $20M in a Series A round announced on 8 Jan 2015. 4 firms took part. It is WeLab's first venture round on record.
$20M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
WeLab did not disclose a valuation in this round. It is WeLab's first venture round on record, 2 years after it was founded in 2013. It is 3.2% of the $616M WeLab has raised in the venture rounds on record. WeLab raised again 34 months later: a Series B round of $220M in Nov 2017.
WeLab's funding rounds
WeLab has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- TOM Group new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- Iconiq Capital new investor
Comparable rounds
How it compares
The closest in time: 2 in Banks & ATMs, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| N26 Banks & ATMs | 16 Apr 2015 | $11M | not disclosed | Valar Ventures |
| Banks & ATMs | 8 Jul 2014 | $20M | $100M | Greylock Partners and Index Ventures |
| Tech Companies | 29 Jan 2015 | $55M | not disclosed | Main Street Capital |
| MX Data Solutions | 1 Jan 2015 | $30M | $273M | USAA |
| Branch Tech Companies | 1 Jan 2015 | $15M | not disclosed | New Enterprise Associates |
| Biotechnology | 1 Jan 2015 | $15M | not disclosed | Canaan and WuXi Healthcare Ventures |
| Tech Companies | 28 Jan 2015 | $13M | not disclosed | Bessemer Venture Partners and Columbia Capital |
| Dermatology Clinics | 15 Jan 2015 | $12M | not disclosed | SV Health Investors |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did WeLab raise in its Series A round?
WeLab raised $20M in its Series A round, announced in Jan 2015.
Which investors took part in WeLab's Series A round?
TOM Group, Sequoia Capital, DST Global and Iconiq Capital.
What was WeLab's valuation at the Series A round?
It was not disclosed.
Did WeLab raise again after this round?
Yes: a Series B round in Nov 2017 of $220M.