Funding Fridays No. 8
Happy Friday!
Welcome to Funding Fridays - your Friday morning briefing on startup funding.
I’m making a switch from Mailchimp to Substack. So, I need to ask for your help. In order to ensure that this email doesn’t end up in your promotions folder, you need to tell the algorithms that you want it by clicking on some links and shooting me a quick reply. Thanks!
Did your brilliant friend forward this to you? Subscribe here.
Summary of the Last 12 Weeks
Pre-Seed
Money Raised - $549,231
Valuation - $1,130,587
Seed
Money Raised - $3,000,000
Valuation - $8,725,000
Series A
Money Raised - $15,000,000
Valuation - $31,000,000
Series B
Money Raised - $26,945,000
Valuation - $1,159,000,000
Series C
Money Raised - $66,000,000
Valuation - $860,000,000
About Funding Fridays
Funding Fridays is a two-minute Friday morning briefing on startup funding written by Kyle Westaway – Managing Partner of Westaway.
A note on data: I'm using data from Crunchbase. This data has a number of limitations including: (1) Small sample size. (2) Self-reported data. (3) Some companies report the amount raised, but not the valuation or vice versa. In short, our analysis is based on imperfect data, so our analysis will be imperfect. But I hope it still gives founders a general sense of the current funding market.
Subscribe
Did your brilliant friend send this to you? Subscribe here.
Hi Kyle, Love your newsletters! Super informative and I especially like the non-tech stuff in your Weekend Briefings (I watched the entire canals video multiple times). One suggestion - it would be much more informative if you made the Funding Friday graphs interactive so that people can mouse over the data points and see which companies are contributing to each point. Alternatively, you could add some comments to identify the outliers. Cheers!