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Existing investors Greylock Partners and Expa from Operator's April $10 million, $40 million pre valuation Series A also participated.
Swipe raises these questions, and it's that last one that may have prompted top early-stage firms Sherpa Ventures, First Round Capital, Lowercase Capital and Binary Capital to invest $6.5 million into the app at a $50 million pre valuation.
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Article updated to remove the pre-valuation as I'm told it wasn't accurate at closing.
To complicate things further, the unnamed client was willing to invest at a £1.5 million pre-valuation, up significantly from the Dragons' Den £400,000 valuation (which also accounted for a number of advisory shares) and more than the £1 million pre-money valuation M14 had taken during a previous funding round.
A typical example is an entrepreneur doubling their pre-agreed pre-money valuation.
The pre money valuation is rumored to be between $60 million and $70 million.
A billion is a big number, but next to Facebook's pre-IPO valuation of a hundred billion, it's a steal.
In Business 2.0 magazine, I read that an average first-round, pre-money valuation is between $1 million and $15 million, with most between $5 million and $12 million.
This is its "pre-money valuation".
She already serves on Thisboard of Square.
Pre-Money Valuation – A number you made up.
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