Seed funding is the initial influx of cash given to a startup, usually in exchange for an equity share in the company. Higher seed funding levels can help a company gain a competitive edge in the startup market. In this article, we will look at what exactly is seed funding, along with the companies that received the highest amount of funding in Q1 2022.
Seed Funding for Startups
Seed funding is the initial funding that a startup receives (i.e., the first source of money raised by a company). The amounts raised through seed funding are usually small in comparison to the amount a company will raise in later stages. These small amounts allow companies to test their product/service, run trials, and learn how to operate better.
In addition, seed funding helps companies garner support from early investors who provide the necessary guidance and knowledge of the market. Certain startups can raise multiple rounds of seed funding before they go public or receive large funding rounds from venture capital funds or other major sources.
How Does Seed Funding Work?
Seed funding for startups can be used to raise cash from investors before they receive large funding rounds and go public. Like any other startup, the startup must first show potential in the market to receive seed funding. This can be done through various sources such as venture capital funds, angel investors, private equity firms, and commercial banks. Seed funding is an important stage for a company as it lays the foundation for business growth and future fundraising activities.
30 Companies with the Highest Seed Funding in Q1 2022
For any company, seed funding is of paramount importance as it allows entrepreneurs to delve into the initial stages of their business. Hence, we took a look at Q1 2022’s list of companies with the highest amount raised via seed funding. Find out what they are below.
|Si No||Organization Name||Money Raised (in USD)||Organization Industries||Organization Location||Announced Date|
|1||Trust Machines||150,000,000||Bitcoin, Blockchain||-||03/02/2022|
|2||AndHealth||57,000,000||Health Care, Medical||USA||10/02/2022|
|3||E-Space||50,000,000||Information Services, Satellite Communication||France||07/02/2022|
|4||Lendai||35,000,000||Financial Services, Real Estate||USA||09/03/2022|
|5||Aligned||34,000,000||Blockchain, Finance, Software||-||24/02/2022|
|7||FlyCoin||33,000,000||Cryptocurrency, Loyalty Programs, Travel||USA||08/02/2022|
|8||Dash||32,800,000||FinTech, Mobile Apps, Payments||USA||08/03/2022|
|9||Espresso Systems||32,000,000||Blockchain, Cyber Security, Information Technology||-||07/03/2022|
|10||Neo Cybernetica||30,000,000||Artificial Intelligence, Information Technology||USA||09/02/2022|
|11||Exodigo||29,000,000||3D Technology, Artificial Intelligence||Israel||17/02/2022|
|13||Minded||25,000,000||Health Care, Medical||USA||22/02/2022|
|14||Voltron Data||22,000,000||Analytics, Hardware, Software||USA||16/02/2022|
|15||ArrePath||20,000,000||Biotechnology, Health Care, Medical||USA||03/03/2022|
|17||Blueland||20,000,000||Environmental Engineering, Water Purification||USA||16/02/2022|
|18||Ethernal Labs||20,000,000||3D Technology, Blockchain, Ethereum||-||10/02/2022|
|19||Kuhoo||19,788,539||Credit, Education, FinTech||India||01/03/2022|
|20||Thetanuts Finance||18,000,000||Blockchain, Cryptocurrency||USA||01/03/2022|
|21||m3ter||17,500,000||B2B, Billing, SaaS||UK||08/02/2022|
|22||ArDrive||17,200,000||Blockchain, Cloud Security, Data Storage||USA||26/02/2022|
|25||Deep Stream Micro||15,835,312||Electronics, GPU, Manufacturing||China||08/03/2022|
|27||Good Skin||15,820,031||Health Care||China||02/03/2022|
|28||Lanzhou Technology||15,737,870||Artificial Intelligence||China||10/02/2022|
|30||Astrix Security||15,000,000||Cyber Security||Israel||23/02/2022|
Top 10 Companies with Highest Seed Funding
Here are the top 10 companies with the highest seed funding in Q1 2022:
1. Trust Machines
Funding Amount: $150,000,000
In this new era of technology and increasing automation, Trust Machines offers an innovative ecosystem of Bitcoin applications. Trust Machines strives to create a new way of using and processing cryptocurrencies by solving the structural issues that hamper cryptocurrency adoption. They plan to hire Bitcoin Core developers to integrate the new technology into their platform. Trust Machines’ mission is to allow everyone to take part in the growing Bitcoin market regardless of technical aptitude.
For the “biggest ecosystem of Bitcoin apps”, Trust Machines announced that it had raised $150 million. Co-founder Muneeb Ali says, “Bitcoin can be both a productive asset and a last-ditch settlement layer for web3 applications.” Numerous major venture capital firms such as Union Square Ventures and Breyer Capital were involved in the round of funding.
Funding Amount – $57,000,000
AndHealth operates a virtual center of excellence for migraine and other chronic pain conditions. They strive to develop and provide real-time care to patients in the most efficient manner. The skilled team and technology behind AndHealth allow them to reverse chronic diseases and provide cyber-physician care. Backed with the latest technologies and an experienced team, health looks to become a leader in the healthcare industry while keeping its patients at the top of its priority list.
AndHealth announced that it has closed a round of funding totaling more than $57 million from leading technology investor Francisco Partners, with participation from Health 2047 Capital Partners, Kirkland & Ellis, and Twofold Ventures, the venture capital arm of the American Medical Association. Its name, AndHealth, emphasizes the company’s dedication to whole-person healthcare and collaborating with the existing healthcare system to transform, rather than disrupt, treatment.
Funding Amount – $50,000,000
E-Space offers satellite constellation deployments at higher capabilities and lower prices. They are democratizing access to satellite navigation through their constellation designs and technologies. The company was founded by a team of engineers with decades of experience developing global satellite navigation systems. E-Space aims to make satellite navigation available for all with a purposeful design and a collaborative approach to delivering their products.
In order to democratize space with sustainable satellites and reduce orbital debris, E-Space has closed the largest seed funding round in space technology history with a $50 million investment, led by Prime Movers Lab. This investment will result in the most sustainable satellite network ever built and power an entirely new era of space-based application development.
Funding Amount – $35,000,000
Lendai is a fintech lender financing US real estate properties for investors from abroad. The digital lending ecosystem developed with unique AI algorithms helps their customers quickly source, fund, and manage investments. Lendai wants its customers to experience the lending process in a more efficient and better way, thereby making real estate investments more accessible. The company aims to create added value for its investors by streamlining both the loan and investment processes. Thus, they are dedicated to changing the way financing real estate works worldwide.
Meron Capital and Cardumen Capital, along with Discount Capital, Skywell Capital Partners, Mindset Ventures, and Viola Credit, led the $35 million in equity and debt seed fundraising for Lendai. The fundraising announcement will allow Lendai to expand its reach and help level the playing field for overseas investors looking to engage in US residential real estate projects. In addition, Lendai plans to make use of the seed money to expand its services to additional US states and introduce new lending packages.
Funding Amount – $34,000,000
Aligned is a DeFi and Web3 infrastructure company helping to grow and expand the reach of decentralized finance for institutions. The company provides a platform for the next generation of financial applications built to serve computing, mining, staking, and liquidity provisioning. Its world-class team works hard to create a new way to deliver financial services. They aim to build a new architecture for providing decentralized financial services to the masses.
GSR, Altium Capital, and Cavalry Fund are among the investors in Aligned, a DeFi and Web3 infrastructure firm that has received $34 million in funding. Ethereum-compatible blockchains, such as layer-2 networks, will prosper from the funds raised.
Funding Amount – $34,000,000
BeatBread is a media platform providing funding to musicians to inspire and empower independent artists. BeatBread plans to grow the market of independent artists by connecting them with the right people, the right funding, and ultimately fulfilling their potential. The company hopes to position itself as a new way to connect and fund creative talent worldwide. Therefore, it is important to protect creative artists and ensure they are paid the royalties they deserve.
BeatBread has closed a seed round led by Deciens Capital, bringing beatBread’s fundraising to date to over $34 million. The funds are intended to empower artists and give them access to capital.
Funding Amount – $33,000,000
FlyCoin provides the evolution of loyalty programs, transforming the foundation of frequent flyer programs. They have applied the methodology of cryptocurrency and blockchain to form a new type of loyalty program. FlyCoin is dedicated to providing cutting-edge services and industry-leading customer service. The goal of FlyCoin is to grow a new loyalty program that allows customers to receive the benefits they deserve. They want to solidify their position in the loyalty program industry and create a new option for everyone.
FlyCoin has received more than $33 million in funding. Josh Jones, the man behind Bitcoin Builder’s inception in 2012, supported the investment. TenOneTen Ventures, 8VC, Liquid 2, Gaingels, and individual investors Michael Blend and Bill Foley were also part of the seed round. FlyCoin is focused on establishing partnerships and expanding the FLY ecosystem by building out the platform aggressively.
Funding Amount – $32,800,000
Dash is a fintech startup that aims to provide a fast, secure, and effective payment system. The platform is designed to be scalable and allows for nearly instant transaction confirmation. Dash strives to become a digital alternative to cash, a way to keep your money safe from government inflation, and an easy way to transact with anyone. They want to build a better financial system for the world, one that is more inclusive and accessible for all. Thus, Dash is the most technologically advanced payment platform.
Dash has secured $32.8 million in a seed round. Global Founders Capital and 4DX Ventures joined Insight Venture Partners, a New York-based private equity and venture capital firm, in leading the round. Dash plans to use the fund to build a mobile money bridge in Africa.
9. Espresso Systems
Funding Amount – $32,000,000
Espresso Systems offers scaling and privacy systems for Web 3 applications. They are developing a shared blockchain with the goal of creating a more privacy-preserving decentralized system. They strive to solve scalability and provide a better alternative for existing blockchain technologies. With a strong team and leading technology, Espresso Systems aims to be the leader in its field. They believe that the future of blockchain technology is secure, private, and scalable.
Espresso Systems raised $32 million in a fundraising round headed by Greylock Partners and Electric Capital. Espresso Systems wants to use the new financing to expand its R&D team and develop infrastructure and solutions that will be ready for widespread adoption of Web3 in the future.
10. Neo Cybernetica
Funding Amount – 30,000,000 USD
Neo Cybernetica creates cybernetics technology to enhance the capability of artificially intelligent systems. The company is based on computer science research and uses artificial intelligence to maximize the capabilities of AI models. With years of experience in robotics and artificial intelligence research, Neo Cybernetica hopes to accelerate the growth of AI. They want to provide a new perspective on the evolution of cybernetics and neural networks, one that is more powerful than ever before.
Neo Cybernetica has raised $30 million in a seed round headed by NEA with participation from B5 Capital, Cortical Ventures, and Open Field Capital. The $30 million in financing will be used to boost research and development and speed the creation of “advanced technology”.
How can Eqvista help with getting seed funding for your companies?
Seed funding can help businesses acquire skilled workers, expand their teams, and develop cutting-edge solutions. The importance of seed funding cannot be overstated, and each of the companies in this article has been carefully selected based on their potential to become industry leaders. Eqvista is here to help promising startups with the process of securing seed funding. Eqvista offers a series of services for companies seeking funding, including industry research, market valuation, and valuation of startup businesses. For more business development services and assistance, contact us now!