Funding Fridays No. 16
A briefing on startup funding sent out on the first Friday of the month.
It’s the first Friday of the month, so that means it’s time for Funding Fridays. Below you’ll see a recap of the funding data for September. But, before I jump into the data there are a couple of things I’m excited about.
AngelList x Westaway
First, after a lot of feedback, we’ve switched data source. Our new data partner is AngelList. I made the switch for a number of reasons. The primary reason is accuracy. AngelList bases their data off a large set of deals that are happening on their platform. Because of that, they have direct knowledge of the terms of the deal and can therefore verify the accuracy. One of the key problems with my former data source, Crunchbase, is that the data is reported by founders and thus easy to manipulate. Secondly, I love working with the team at AngelList. They are top notch and founder-obsessed, just like me. If you’re a founder you may want to check out their new platform AngelList Stack to manage your cap table and more.
Founder’s Guide: SAFE
Second, I’ve been working on a series of founder’s guides around funding. Each guide will have a short video and a long-form detailed written guide. I’m excited to share the release of the Founder’s Guide: SAFE.
Pre-Seed
Median Money Raised:
$1,000,000
Median Post-Money Valuation:
$10,000,000
Seed
Median Money Raised:
$2,145,000
Median Post-Money Valuation:
$19,500,000
Series A
Median Money Raised:
$12,003,438
Median Post-Money Valuation:
$67,625,000
Series B
Median Money Raised:
$25,588,888
Median Post-Money Valuation:
$163,333,333
Series C
Median Money Raised:
$18,200,000
Median Post-Money Valuation:
$260,000,000
About Funding Fridays
Funding Fridays is a briefing on startup funding written by Kyle Westaway – Managing Partner of Westaway.